Shahjahanpur, UP: The police have arrested six accused involved in a massive online stock market investment scam in the Khandar area of Jalalabad, Shahjahanpur, defrauding victims of crores of rupees. The mastermind, Tinkle Gupta, an MBA graduate, confessed that he joined the scam to fund a luxurious lifestyle.
How the Scam Operated
According to police reports, the accused registered a company under the name SLG DG Pvt. Ltd. Using this entity, they contacted potential investors through a website and offered triple returns on stock market investments. Victims were asked to download an APK file and transfer money via a QR code. Once the investment was made, the accused blocked access to the victims’ accounts and siphoned off the funds into multiple accounts.
The primary mastermind, Tinkle Gupta, operated the scam from his office in Jalalabad for nearly eight months, amassing crores of rupees through fraudulent transactions. Other accused include:
- Pranjal M.Com
- Nihal Saxena, B.Com
- Deepanshu, BA
- Siddhant Mishra, 11th pass
- Rohit Rathore, B.Com
Evidence Seized
Police recovered:
- 70 laptops
- One Thar vehicle
- Four motorcycles
- One Bank of India QR code
- 34 laptop chargers
- Numerous documents worth around ₹1 crore
Network and Reach
The accused purchased databases of target numbers for ₹5,000 and lured victims across India, including Delhi, Gujarat, Bihar, Karnataka, Maharashtra, Rajasthan, and UP. Using fake accounts and their Global Trade APK, they displayed fabricated profits to entice further investment. When victims attempted withdrawals, their accounts were blocked, and the money was transferred to different accounts controlled by the scammers.
Luxury Lifestyle and Investigation
The mastermind and his associates flaunted their ill-gotten wealth, with Tinkle Gupta owning a Thar vehicle and others riding racing bikes. Police continue to investigate the full extent of the network. SP Rajesh Dwivedi stated that a reward of ₹25,000 has been announced for information leading to the exposure of the complete scam network, and efforts are ongoing to contact victims and recover their funds.
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