Police in Gurgaon have arrested a relationship manager from a private bank for his involvement in a major stock trading fraud. The scam used WhatsApp groups and a fake mobile application to promise high returns to unsuspecting investors.
Bank Employee's Role in the Fraud
Anoop, a 35-year-old MBA graduate, worked at RBL Bank's Sector 14 branch in Gurgaon since 2024. Authorities say he helped cyber criminals by opening fake bank accounts in exchange for commission payments. These accounts were then used to route money stolen from victims.
The Gurgaon cyber police revealed that Anoop, who lives in Delhi's Bijwasan area, opened five such accounts. He earned Rs 50,000 total for his participation in the scheme. With his arrest, the number of accused in this case has reached six individuals.
How the Scam Operated
The fraud came to light when a victim filed a written complaint at the Cyber Crime police station (south) on November 1, 2025. The complainant stated that he was persuaded to invest in stock and IPO trading through a WhatsApp group and a fake application. The app displayed false profits to maintain the illusion of legitimate trading.
Police acted quickly on the complaint and registered a formal case. Their investigation led them to uncover the elaborate scheme targeting investors seeking quick financial gains.
Previous Arrests and Money Trail
On December 30, 2025, police teams under ACP Priyanshu Diwan and SHO Naveen Kumar arrested five other accused from Rajendra Park in Gurgaon. Those arrested included Sher Bahadur Karki, Milan Thapa, Yanjay Ray, and Manish - all residents of Nepal - along with Virendra Pal Singh from Patiala in Punjab.
As investigators followed the money trail, they discovered that part of the cheated funds had been transferred to accounts opened with assistance from a bank employee. This discovery directly led to Anoop's arrest in Gurgaon.
Interrogation Reveals Details
During questioning, Anoop admitted that Rs 2 lakh from the fraud amount was transferred to an account belonging to Tara Logistics Private Limited. He confessed to opening this company account specifically on instructions from the cyber fraudsters.
For this service, he received a commission of Rs 10,000. Police confirmed that he opened a total of five bank accounts for the criminal gang, earning Rs 10,000 for each account he facilitated.
Legal Proceedings and Ongoing Investigation
The accused was produced before a Gurgaon court on January 15. Law enforcement officials continue their investigation to identify additional people involved in the fraud scheme. They are also working to trace the remaining cheated money that has not yet been recovered.
This case highlights the sophisticated methods used by cyber criminals to exploit both banking systems and investor trust. It serves as a warning about investment opportunities that seem too good to be true, especially those promoted through unofficial channels like WhatsApp groups and unverified mobile applications.
