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Delhi Police bust fake trading app scam netting retired officer Rs 45 lakh
India
Published on 3 May 2026
A bank assistant manager allegedly helped launder the funds
Delhi Police arrested three people, including a bank assistant manager, in a Rs 45 lakh investment scam that targeted a retired government officer. The accused allegedly lured the victim with promises of high returns on IPOs via a fake trading app. Investigators found the money was routed through mule accounts, with the bank official accused of enabling the laundering.
- Three accused, including a bank assistant manager, were arrested
- A fake trading app promised high IPO returns to a retired officer
- Rs 45 lakh was allegedly siphoned and laundered via mule accounts
- Police are investigating the wider network behind the scheme
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times