Delhi Police Arrests Chinese National in ₹100 Crore Online Stock Trading Scam

Delhi Police have arrested a Chinese national, Fang Chenjin, for his alleged involvement in a massive cyber fraud case worth over ₹100 crore. The scam, executed through WhatsApp stock trading groups, targeted individuals across multiple states, including Andhra Pradesh and Uttar Pradesh, and involved 17 criminal complaints linked to the same Fincare Bank account.

The investigation began after a complaint was filed by Suresh Kolichiyil Achuthan on July 24 at the Cyber Crime Portal. Achuthan reported being duped into fraudulent stock market training sessions, which led to him investing ₹43.5 lakh in multiple transactions. The funds were traced to several bank accounts, including one under the name Maha Laxmi Traders in Delhi, which was connected to other fraudulent activities.

Delhi’s Shahdara Cyber Police Station arrested Chenjin, who was residing in Safdarjung Enclave, after recovering incriminating evidence such as WhatsApp chat logs and a mobile phone. These conversations revealed that Chenjin was orchestrating the fraud, including managing funds and directing scam operations.

DCP Shahdara, Prashant Gautam, stated that the arrest also uncovered Chenjin’s involvement in additional cybercrime and money laundering cases, bringing the total defrauded amount to over ₹100 crore. Investigations are ongoing to identify other individuals involved in the operation.

This case highlights the growing threat of cybercrime, particularly scams targeting stock trading enthusiasts through social media platforms. Authorities continue to urge citizens to remain vigilant against such fraudulent schemes.

News Source : “Information for this article was gathered from a variety of reliable news outlets.”