The Uttar Pradesh STF has arrested Vivek Kumar Singh from Dehradun in an alleged stock market and IPO investment fraud case
Dy SP, Sudhanshu Shekhar, said that the accused and his associates allegedly posted fake advertisements on Instagram offering stock market analysis training. People responding to the advertisements were subsequently added to WhatsApp groups, including one identified as “VIP9-6 ACI Exclusive Guidance Group”, where they were allegedly given purported training on stock trading and IPO investments. The STF said investors were subsequently asked to transfer money into different bank accounts.
The accused was arrested from Rajpur area of Dehradun, Uttarakhand, and was allegedly part of a network that lured investors with promises of high returns through stock market trading and IPO investments. The operators allegedly shared fake profit screenshots in these groups to convince members that substantial returns could be made through stock market investments. Investors were then promised high profits from buying and selling shares and IPOs and were directed to download the ACI Century App through a link and create investment accounts. You Can Also Check: Gold Rate in Lucknow | Silver Rate in Lucknow | Bank Holidays in Lucknow | Public Holidays in Lucknow | Lucknow AQI | Weather in Lucknow | Petrol Price in Lucknow | Diesel Price in Lucknow | CNG Price in Lucknow | LPG Price in Lucknow