The Cyber Crime Police arrested a 31-year-old Haryana-native in connection with around Rs 1.64 crore online investment fraud case.
Details shared by the police stated that in the case registered one month back, the fraud was committed between October 18, 2025 and January 16, 2026.
"The accused, along with associates, allegedly contacted the complainant through social media platforms and added him to a WhatsApp group. The group members posed as partners of a firm named “Dalton Investment Inc” and claimed to be associated with retail investor groups in Mumbai," the police said explaining the modus operandi of the fraudsters.
The complainant was persuaded to invest in Upper Circuit (UC) stocks and Initial Public Offerings (IPO) of SeAH and PLAI companies with promises of high returns. Believing the claims, he transferred Rs 1.64 crore in 13 separate transactions to various bank accounts across the country.
Police said the accused impersonated legitimate investment entities using computer resources to execute the fraud.
After a detailed technical investigation, the police traced and apprehended the accused, identified as Pushkar Goyal, a resident of Ballabgarh, Faridabad, Haryana.
During the probe, it was revealed that Rs 28 lakh from the complainant’s funds had been credited to an Axis Bank account held by the accused. This account is reportedly linked to multiple cybercrime cases registered in Maharashtra, Gujarat and Goa, involving transactions of Rs 2.40 crore approx.
