Face2News/Chandigarh
In a significant breakthrough, the Cyber Crime Police Station, UT Chandigarh has arrested One (01) accused person in connection with Fake online investment fraud. The case was registered under Case FIR No. 45 dated 23.04.2025 registered under Sections 316(2), 318(4), 319(2), 336(3), 338, 340(2), and 61(2) of the BNS, 2023.
(MOREPIC1) The operation was carried out under the dynamic leadership of Ms. Geetanjali Khandelwal, IPS, SP-Cyber, UT Chandigarh, with close guidance from Sh. A. Venkatesh, DSP Cyber Crime & IT, and supervision of Inspector Ms. Eram Rizvi, SHO, PS-Cyber Crime, Sector 17, Chandigarh. The arrests mark an important step in curbing rising cyber fraud cases in the region, showcasing the effective coordination and swift action of the PS- Cyber Crime.
The accused identified as Anand kumar Shrivastav S/o Ajit kumar Shrivastav from Vadodra, Gujarat, Age 27 years.
The case was registered on the complaint of a Chandigarh resident who reported being duped of ₹23,76,832/- through an online investment fraud operated via Telegram under the name @SPREADEXGLOBALLTD. The complainant had invested money in multiple accounts after being lured with promises of high returns. Although initial profits were shown, withdrawal requests were subsequently denied, resulting in substantial financial loss.
During investigation, it was found that major amount out of the defrauded amount was transferred to UCO Bank Account (Layer-1), registered in the name of M/s Saikrupa Laundry, Proprietor Anand kumar Shrivastav, resident of Vadodara, Gujarat.
A police team from Cyber Crime Police Station, Chandigarh, conducted a raid with the assistance of local police under Police Station from Gujarat. Accused Anand kumar Ajit kumar Shrivastav (27 years) was arrested after being informed of the grounds of arrest. His arrest information was duly conveyed to his family.
During interrogation, the accused disclosed that he had opened the said bank account and handed over the account kit to an associate in exchange for monetary consideration. He admitted that he was aware that illegal funds would be routed through the account and that he received commission on transactions conducted through it. He further revealed that the account was used to channel fraudulent funds obtained from victims through online investment scams.
The accused has also provided information regarding other associates involved in the fraud. Further investigation is underway to identify and arrest additional accused persons and to trace the complete money trail.
