NEW DELHI, Nov 19: The Shahdara Cyber Police Station in Delhi has arrested a Chinese national, Fang Chenjin, in connection with a major cyber fraud case involving the cheating of ₹43.5 lakh. The arrest is a significant breakthrough in an elaborate scam that operated through fraudulent online stock trading schemes, targeting individuals via WhatsApp groups, according to DCP Shahdara, Prashant Gautam.

DCP Gautam revealed that Fang Chenjin is also implicated in two other high-profile cases of cybercrime and money laundering, one in Andhra Pradesh and another in Uttar Pradesh. Moreover, 17 criminal complaints registered on the Cyber Crime Portal have linked the same Fincare Bank account to frauds amounting to over ₹100 crore.

The investigation began after a complaint was lodged by Suresh Kolichiyil Achuthan on July 24. Achuthan reported being duped during fraudulent stock market training sessions, where he was persuaded to invest ₹43.5 lakh in multiple transactions. The money was funneled into several bank accounts controlled by the fraudsters.

As the investigation unfolded, the police traced the defrauded funds to an account held by Maha Laxmi Traders in Mundka, Delhi. This account was found to be connected to fraudulent activities, including a ₹1.25 lakh transfer made on April 24.

Using technical analysis of mobile numbers and bank account details tied to the suspects, the police identified and arrested Fang Chenjin. He was apprehended from his residence in Safdarjung Enclave, Delhi. During the arrest, a mobile phone and WhatsApp chat logs were recovered, providing incriminating evidence of his role in orchestrating the fraud.

The WhatsApp chats revealed Chenjin’s active involvement in directing fraudulent activities and coordinating with associates to recharge a mobile number used in the scam. “The technical analysis and diligent efforts by the investigative team uncovered crucial links to the fraud,” said DCP Gautam, emphasizing the critical evidence pointing to Chenjin’s central role in the operation.