PIONEER EDGE NEWS SERVICE /Dehradun
The Cyber Crime Police Station in Dehradun has arrested a 20-year-old man from Amritsar, Punjab, in connection with a cyber fraud case of more than Rs 55 lakh, on Wednesday. The accused has been identified as Prabhjeet Singh.
The Special Task Force (STF) senior superintendent of police Ajai Singh said that the complainant was allegedly cheated of Rs 55.48 lakh between December 16, 2025 and January 28. The accused allegedly posed as a person linked to IIFL Wealth Management and promised high returns through investments in shares and IPOs.
The complainant transferred the money through RTGS into several bank accounts. During the investigation, police found that Rs 8.94 lakh of the fraud money was transferred to a bank in Singh’s name.
Singh said the accused withdrew the money through ATMs and cheques. After analysing banking and technical evidence, the cyber police team traced the accused to Amritsar.
A police team arrested Singh from the Tara Wala Pul area on Jalandhar Road in Amritsar. Police also recovered a mobile phone and an SMS alert number from him.
During questioning, the accused allegedly told police that he had withdrawn fraud money from other bank accounts as well, Singh said. He also provided information about other people who may be involved in the cyber fraud gang. The police said further investigation is underway and efforts are being made to arrest the other accused and recover the remaining fraud money.
