Hisar MBBS Doctor Apprehended in Massive Rs 400 Crore Online Investment Scam
In a significant development, an MBBS doctor from Hisar was arrested by Jammu and Kashmir police on Tuesday in connection with an alleged online investment fraud that has sent shockwaves through financial circles. The case involves transactions totaling Rs 209 crore that have been officially documented, with investigators suspecting the total amount may exceed a staggering Rs 400 crore.
Arrest at International Airport
The accused, identified as Ekant Yogdutt who also operated under the alias Dr Morphen, was apprehended at Indira Gandhi International Airport upon his arrival from China. Police authorities have described him as the alleged mastermind behind this extensive financial racket that targeted victims across the country.
Investigation Timeline and Team Formation
The investigation was initiated following a formal complaint lodged by Firdous Ahmed Mir, a resident of Safapora in Ganderbal district. After the First Information Report was registered at Ganderbal police station under provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act, Senior Superintendent of Police Khalil Ahmed Poswal constituted a special investigation team (SIT) to thoroughly probe the matter.
International Network and Modus Operandi
According to investigators, Yogdutt acquired sophisticated cyber fraud techniques while studying in the Philippines before establishing an elaborate network that operated through local associates in Kashmir. The criminal gang allegedly lured unsuspecting victims nationwide by promising exceptionally high returns on coin trading through fraudulent websites including PaisaVaultcom and various social media platforms.
Expanding Arrests and Investigation Scope
Police officials have confirmed that nine individuals have been arrested so far in connection with this elaborate scam in Ganderbal district alone. The investigation continues to expand as authorities work to uncover the full extent of the financial fraud and identify all parties involved in what appears to be one of the most substantial online investment scams uncovered in recent years.
The case highlights growing concerns about sophisticated cyber fraud operations targeting Indian citizens through seemingly legitimate investment opportunities. Authorities are urging the public to exercise extreme caution when approached with online investment schemes promising unusually high returns.
