Bokaro police arrested 3 people running 'stock market' in Indore

Cyber Crime: Bokaro Police has arrested 3 people from Indore. These people were running a fake stock market together. They lured people of Jharkhand to invest by promising them high returns. Police has recovered Rs 14.33 lakh from them. Also, a note counting machine and registers related to the fake stock market have been recovered. Read how they used to cheat people and how the police caught them.

Some people in Indore had set up a fake stock exchange. Through this, they have duped people of lakhs of rupees in the name of investment. Bokaro police has disclosed this. Police has recovered Rs 14.33 lakh in cash. Money counting machine and registers related to fake stock market have also been recovered from them. Bokaro SP Harvinder Singh and DSP (headquarters) Animesh Gupta gave this information in a press conference on Tuesday.

Cyber fraudsters transferred Rs 14.33 lakh to their account

Police said that on 1 December 2024, Aayushi Jain from Indore, her associate Ansh Jain and other cyber criminals contacted Uttam Kumar Sinha on his mobile number from different mobile numbers. These people, by luring him to trade in the stock market and get more profit, got Rs 14,33,000 transferred to their account by committing fraud that he can earn profit by investing capital in Meta Trader 5, Meta Trader 5 Pro, online share trading/stock market. Uttam, the victim of fraud, complained about this in the cyber police station.

On Uttam's complaint, Bokaro police formed a team

After investigating Uttam's complaint, a case number 10/2025 was registered in Cyber Crime Police Station (Bokaro) on 28 March 2025 under Section 111/318(4)/336(3)/338 of Indian Justice Code (BNS) 2023 and 66 (B)/66(C)/66(D) of Information Technology (Amendment) Act 2000. A team was formed under the leadership of DSP (Headquarters) Animesh Gupta to solve the case.

Three gang leaders involved in fraud were arrested from Indore

SP Harvinder Singh told reporters at Camp 2 office that the team worked swiftly and arrested 3 kingpins of the fraud from Indore. Many documents along with cash have been recovered from the fraudsters. The search is on for other people involved in this racket. After interrogation, all of them were sent to jail in judicial custody on Tuesday.

Deep investigation team formed under the leadership of DSP

During the investigation, the team formed under the leadership of DSP, on the basis of technical evidence, arrested the non-primary accused Gaurav Juni alias Gaurav Panchal alias Ashish Yadav alias Suraj, Nihal alias Nihal Sonone, Paratt Marmat, involved in the account holder and buyer case from Indore (Madhya Pradesh).

These people were included in the raiding team

• Headquarters DSP Animesh Kumar Gupta
• Puani Gaurav Goyal
• Sub Inspector Pramod Kumar Pandit
• P.S. Sant Kumar Mehta
• Constable Ramesh Verma
• Inteqam Khan
• Ritesh Kumar
• Avadh Kumar
• Bhagirath Kumar
• Birsa the tortoise

These people have been arrested

Gaurav Juni alias Gaurav Panchal alias Ashish Yadav alias Suraj (23) resident of 08 Sulkhakhedi, Indira Nagar, Police Station Malharganj. Current address- House No.-280, Arihant Nagar, Gomatgiri Jamuri Road Hapsi Road, Police Station-Gandhinagar District-Indore (Madhya Pradesh)

Nihal alias Nihal Sonone (25) resident of 521, Lala Ka Bagh, PO- Vallabhnagar, District- Indore. Current address- Bhuri Tekri, Police Station- Kanada, District- Indore (Madhya Pradesh)

Paras Marmat (23) Resident of House No. 69, Amar Tekri, Near Tejaji Temple, Police Station-Tukoganj, District-Indore (Madhya Pradesh)

What was recovered from the accused?

Bokaro police recovered Rs 14 lakh 33 thousand 80 cash, money counting machine with LCD display, daily attendance register of boys and girls involved in fake stock marketing, 3 mobile phones (without SIM), 16 ATM cum debit and credit cards of different banks, one driving license, one RC book from the arrested accused.

PC:Prabhat Khabar