The Delhi Police have busted a stock market scam syndicate that allegedly duped investors by promising fake profits, causing losses estimated at around ₹3 crore, officials said, highlighting the growing threat of organised financial fraud targeting retail investors.

According to the police, the accused operated a well-planned racket in which unsuspecting victims were lured through social media platforms and messaging apps with assurances of high and guaranteed returns from stock market investments. Victims were allegedly shown fabricated trading statements and manipulated profit screenshots to gain their trust before being persuaded to invest larger sums.

Investigators said the syndicate initially allowed small withdrawals to create an illusion of genuine profits. Once investors deposited substantial amounts, the accused allegedly stopped responding or blocked the victims entirely, leading to significant financial losses. The operation is believed to have targeted people across multiple cities, exploiting limited financial literacy and the lure of quick gains.

Also Read: Delhi Police Achieve Over 95% Murder Case Clearance in 2025

During raids conducted at several locations in Delhi and nearby areas, police recovered multiple mobile phones, laptops, SIM cards, and bank documents used to execute the scam. Officials said the accused had created fake trading platforms and used mule bank accounts to route and withdraw the defrauded money, making the trail harder to detect.

Police have registered a case under relevant sections of the Indian Penal Code and the Information Technology Act. Further investigation is underway to identify additional members of the syndicate, trace the money trail, and determine whether the network has links to similar frauds reported in other states.

Authorities have urged the public to remain cautious while investing in stock markets and to verify the credentials of advisors and platforms before transferring funds. The case serves as a reminder of the rising sophistication of online investment scams and the need for greater awareness and vigilance among investors.

Also Read: Two More Arrested in Turkman Gate Violence During Court-Ordered Demolition; Probe Continues