The North Cyber police have busted a gang of cybercriminals involved in duping citizens by luring them into fake stock market investment schemes. Five individuals have been arrested from Rajasthan.

The 50-year-old male complainant was contacted via WhatsApp between December 2024 and February 2025 by a woman identifying herself as Priya Patel, claiming she is an employee of ‘RK Group’. “She claimed to be a SEBI-registered broker and promised huge returns on stock market investments. The accused shared a web link under the guise of opening a Demat account and collected sensitive information, including Aadhaar and PAN card details, bank account details, and mobile number,” said an officer.

The link redirected the complainant to a fake trading platform named JIO GLOBEX LTD, displaying bogus tabs like ‘Chart’, ‘Trade’, ‘Deals’, and ‘Profit’ — all designed to simulate a real trading experience. The victim was tricked into transferring funds to multiple bank accounts under the guise of stock purchases, with the cybercriminals eventually defrauding him of Rs 22.4 lakh.