Jabalpur Cyber Cell arrested an accused from Nagpur who defrauded people of millions of rupees in the name of share trading. The accused deposited the money into his company accounts and immediately transferred it. Police have so far recovered 17 lakh rupees.
Jabalpur: The Cyber Cell police have successfully solved a major fraud case involving share trading. The team arrested the main accused, Ankit Talwarkar (30), from Nagpur. The accused used to get people to deposit money into his company's account and then immediately transfer it to other accounts. So far, the police have helped recover approximately 17 lakh rupees for the victims.
The SP Cyber Cell Jabalpur stated that the accused Ankit and his associates were defrauding people of millions of rupees through share trading. Bank accounts operated by the arrested accused across the state and the country have been frozen, and police in other states have also been informed.
Main Accused in Cyber Fraud Arrested from Nagpur
After receiving a complaint, the Jabalpur Cyber Cell team reached Nagpur and apprehended the main accused. The accused was residing near Krishna Temple, Pipala Road, Chakrapani Nagar, within the Hudkeshwar police station area.
The investigation revealed that Ankit had opened a firm named "Dementor Spice and Condiment Private Limited" in April 2025 for the wholesale spice trade. He would deposit the fraudulent funds, collected in the name of share trading, into this firm's registered bank account and then immediately transfer them to other accounts.
Evading Police with Technical Skill
Ankit and his associates were highly technically proficient. They created a fraud network by operating various bank accounts under the names of multiple firms. They would transfer the money immediately upon deposit, making it difficult for the police to trace.
Cyber Cell Inspector Bhavna Tiwari stated that complainant Abhijeet Jain had registered a complaint. The accused had defrauded him of approximately 32,28,520 rupees by luring him with promises of profit in share trading. So far, 17 lakh rupees have been recovered.
Jabalpur Cyber Police Freeze Accused's Accounts
Considering the seriousness of the case, Jabalpur Cyber Police have frozen all bank accounts belonging to the accused. Additionally, information regarding active accomplices in other states and their accounts has been provided to the respective police departments.
The police stated that intensive interrogation of the accused is ongoing. The investigation also revealed that Ankit Talwarkar owns a unisex salon and has defrauded many people through share trading.
