Delhi Police Busts Indore Forex Fraud

The India — Delhi Police>>> successfully busted an illegal forex trading call center operating from India — Indore>>>, India — Madhya Pradesh>>>, arresting six individuals including alleged mastermind Kartik Aggarwal>>> and co-owner Archana Aggarwal>>>. The syndicate, operating under BJT Global Private Limited>>>, used a manipulated trading platform called 'Meta Platforms>>>' to lure victims across India>>> into fake online investment schemes, promising fabricated profits in assets like Gold>>>, Silver>>>, NIFTY 50>>>, NIFTY Bank>>>, and Tether (cryptocurrency)>>>. The investigation began after Manoj Chauhan>>> filed a complaint with the India — National Cybercrime Reporting Portal>>>, reporting a loss of over Rs 10.5 lakh. During the raid, police seized 47 mobile phones, 46 SIM cards, 29 computer systems, and foreign currencies including U.S. Dollar Index>>>, Thailand — Thai baht>>>, and United Arab Emirates — United Arab Emirates dirham>>>, along with Rs 1.21 lakh in cash. The fraudsters employed fake identities, mule bank accounts, and layered banking channels, including gold loan repayments, to conceal the money trail. The operation involved 41 people, including 35 tele-callers, who contacted potential victims using purchased databases.