Bhopal: The Bhopal Cyber-crime Branch on Saturday claimed to have arrested two accused from Maharashtra for allegedly providing bank accounts to a gang involved in defrauding people in the name of stock market trading.
Additional DCP (Crime Branch) Shailendra Singh Chouhan said that the investigation began when a complaint was filed on July 28, 2024, by a resident of Bhopal, Anand Singh (name changed). According to the complaint, in April 2024, an unknown individual added him to a WhatsApp group named C57 Accel Student, where discussions about investing in the stock market took place. Later, he was contacted via WhatsApp by mobile numbers, and a woman named Casey Aylward convinced him to invest in the stock market through a company promising high returns in a short period.
The victim was then given a link to download an online application called ACVVL ONLINE and provided a username and password to operate it. He was asked to deposit money into specific bank accounts, and upon doing so, he sent the receipt to a WhatsApp group. From May 21, 2024, to July 5, 2024, the victim deposited a total of Rs 85.3 lakh. His wallet balance within the app showed a profit of Rs 3.77 crore. However, when he attempted to withdraw his earnings, he was asked to first deposit 20% of the profit. Believing the scheme to be legitimate, he transferred an additional Rs 58.41 lakh to the provided bank accounts. Later, the scammers demanded 30% more, after which the victim realised he was defrauded. In total, the scam amounted to Rs 1.44 crore. Based on the findings, a case was registered, and swift action was taken under the supervision of senior officials.
Additional DCP Chouhan said that the technical investigation revealed the involvement of multiple WhatsApp numbers and several fraudulent bank accounts.

Additional DCP Chouhan said that the modus operandi of the gang involved sending links to a fake stock trading app, where victims were tricked into believing they were earning high profits. The fraudsters demanded additional deposits in the name of taxes before blocking withdrawals. The arrested accused were responsible for providing fake bank accounts to the scammers, which they sold for Rs 50000.
A police team from the Cyber-crime Branch conducted a ground investigation and technical analysis, leading to the arrest of the accused Tamas Ganesh Shedmake, a resident of Gadchiroli, Maharashtra, and Pintu Suresh Singh Bais, 36, a resident of Nagpur, Maharashtra. Police recovered two mobile phones, four SIM cards, ATM cards, and other documents used in the fraud. Both of them provided fraudulent bank accounts to the cyber-crime gang.
Police said that earlier Nazim Ansari, 28, a resident of Ranipura, Indore, and Saif Ali, 28, a resident of Khajrana, Indore, were already arrested in the case. They too provided bank accounts to the fraudsters.
The Cyber-crime Branch has advised citizens to report cyber fraud immediately by calling Bhopal Cyber-crime Helpline at 9479990636 or the National Cyber-crime Helpline number 1930.
Bhopal: The Bhopal Cyber-crime Branch on Saturday claimed to have arrested two accused from Maharashtra for allegedly providing bank accounts to a gang involved in defrauding people in the name of stock market trading.
Additional DCP (Crime Branch) Shailendra Singh Chouhan said that the investigation began when a complaint was filed on July 28, 2024, by a resident of Bhopal, Anand Singh (name changed). According to the complaint, in April 2024, an unknown individual added him to a WhatsApp group named C57 Accel Student, where discussions about investing in the stock market took place. Later, he was contacted via WhatsApp by mobile numbers, and a woman named Casey Aylward convinced him to invest in the stock market through a company promising high returns in a short period.
The victim was then given a link to download an online application called ACVVL ONLINE and provided a username and password to operate it. He was asked to deposit money into specific bank accounts, and upon doing so, he sent the receipt to a WhatsApp group. From May 21, 2024, to July 5, 2024, the victim deposited a total of Rs 85.3 lakh. His wallet balance within the app showed a profit of Rs 3.77 crore. However, when he attempted to withdraw his earnings, he was asked to first deposit 20% of the profit. Believing the scheme to be legitimate, he transferred an additional Rs 58.41 lakh to the provided bank accounts. Later, the scammers demanded 30% more, after which the victim realised he was defrauded. In total, the scam amounted to Rs 1.44 crore. Based on the findings, a case was registered, and swift action was taken under the supervision of senior officials.
Additional DCP Chouhan said that the technical investigation revealed the involvement of multiple WhatsApp numbers and several fraudulent bank accounts.
Additional DCP Chouhan said that the modus operandi of the gang involved sending links to a fake stock trading app, where victims were tricked into believing they were earning high profits. The fraudsters demanded additional deposits in the name of taxes before blocking withdrawals. The arrested accused were responsible for providing fake bank accounts to the scammers, which they sold for Rs 50000.
A police team from the Cyber-crime Branch conducted a ground investigation and technical analysis, leading to the arrest of the accused Tamas Ganesh Shedmake, a resident of Gadchiroli, Maharashtra, and Pintu Suresh Singh Bais, 36, a resident of Nagpur, Maharashtra. Police recovered two mobile phones, four SIM cards, ATM cards, and other documents used in the fraud. Both of them provided fraudulent bank accounts to the cyber-crime gang.
Police said that earlier Nazim Ansari, 28, a resident of Ranipura, Indore, and Saif Ali, 28, a resident of Khajrana, Indore, were already arrested in the case. They too provided bank accounts to the fraudsters.
The Cyber-crime Branch has advised citizens to report cyber fraud immediately by calling Bhopal Cyber-crime Helpline at 9479990636 or the National Cyber-crime Helpline number 1930.