Delhi Police have arrested four individuals for allegedly defrauding a retired Indian Air Force officer of over ₹49 lakh through a fake online investment scheme. The accused—Amit Kumar (35), Uzair Abbasi (28), Ali Sher Saifi (45), and Md Hamid (33)—were apprehended near the Anand Vihar bus stand in northeast Delhi.
According to police, the suspects operated several bank accounts across the country using forged documents and fake identities to receive and circulate the defrauded funds. These accounts were opened to facilitate financial frauds for which the accused were paid commissions. Authorities have frozen about ₹2 lakh from these accounts.
The victim, Umesh Kumar Sharma, filed a complaint after falling prey to a fraudulent scheme promoted by a woman posing as an investment advisor named Kangna Sharma. Contacted via social media, he was invited to join an “investment group” and was lured into registering on a dubious trading platform through a link she shared.
Trusting the advisor, Sharma transferred ₹49.28 lakh from his and his father’s bank accounts. When he attempted to withdraw the supposed profits, he was denied access and threatened with account suspension unless he deposited additional money.
Following the complaint, police traced the financial transactions, which led to the identification of multiple beneficiary accounts and ultimately to the arrests. During the operation, four mobile phones and five SIM cards were recovered from the suspects.
During interrogation, the accused confessed to being part of a broader fraud syndicate. Investigations are ongoing to uncover more members of the network and connect them to similar fraud cases, police officials said.
