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Forex Scam: Delhi Police has got a big success. Police have arrested the mastermind of a forex scam syndicate.
Forex Scam: Delhi Police has achieved great success. Police have arrested the mastermind of a forex scam syndicate. The mastermind has defrauded businessmen, professionals and travel companies of crores of rupees in many states. Police said that the accused Krishna Kumar Sharma (31) was wanted in a fraud case registered in Kolkata. The accused had lured a victim in Kolkata with huge profits in foreign exchange trading deal. The victim was tricked and ran away with 15,000 US dollars and 1,000 Euros worth approximately Rs 14.5 lakh. Deputy Commissioner of Police (Crime) Harsh Indora said that accused Sharma used to run a highly organized fraud syndicate.
used to call himself a filmmaker
The accused used to lure the victims with huge profits in lucrative forex trading. The accused sometimes used to trap people by presenting himself as a film producer. He introduced himself as a film producer and organized meetings in five-star hotels to gain the trust of businessmen. The police officer said that the gang members, Sharma’s nephew Mayank, bouncers and hired helpers like make-up artists used to create a luxurious setup to make the victims believe that films and documentaries were being produced on a large scale. The DCP said the victims were asked to hand over dollars or euros inside the hotel rooms, after which the gang would flee through alternative exits. The syndicate used several phones. He changed SIM cards frequently, traveled by air immediately after committing the fraud and kept things like pepper spray and chloroform during the operation.
Caught from Kolkata
Police said that an arrest warrant was issued against accused Sharma by a Kolkata court on December 6. Acting on the input, on December 6, a team traced the accused to Uttam Nagar area of West Delhi and arrested him after surveillance-based tracking, he said. Police said that the accused used to spend the cash. DCP said that Sharma has been involved in many fraud cases in Mumbai and Delhi in the past also. He committed large-scale forex fraud after his event management business suffered losses during the pandemic. DCP said that he has been taken into custody and further investigation is going on.
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