STF arrests man for Rs 24.70 lakh online trading fraud

PIONEER EDGE NEWS SERVICE /Dehradun
The Special Task Force (STF) has arrested a cyber fraud accused for cheating a man of Rs 24.70 lakh in the name of online trading. The arrested accused has been identified as Malkit Singh from Gadarpur in Udham Singh Nagar district. Two mobile phones, a SIM card, debit card and other documents were recovered from his possession, police said.
Police said the victim, a resident of Udham Singh Nagar, filed a complaint in December 2025. He stated that he was contacted through social media and was added to WhatsApp groups where he was promised high profits through online trading. The fraudsters showed fake screenshots of profits and used a fake trading app to gain his trust. In this way, they cheated him of Rs 24.70 lakh in the name of investing in a company. During the investigation, the police collected details of bank accounts, mobile numbers and online platforms used in the crime. After analysing technical and digital evidence, the police arrested Malkit Singh from Gadarpur. Police officials said that the bank account used in the fraud had transactions worth crores of rupees within just two months in October and November 2025. They also found that complaints related to the same accounts have been registered in other States. Further investigation is going on.




