Ambala police arrested Shubham Bansal of Delhi’s Burari district on Monday following an intensive digital manhunt. Bansal is accused of posing as a representative for a fake brokerage firm to lure victims into high-yield trading schemes that existed only on their smartphone screens. The scam relied on a combination of social engineering and technical deception. According to investigators, the suspect used a multi-layered approach to gain the victim’s trust.
The suspect allegedly claimed a false affiliation with “RBK Share Broking Limited” a legitimate sounding entity. Promising “astronomical” returns, he persuaded the complainant to download a proprietary application titled “Master Trading . Once the app was installed, the victim was prompted to transfer funds for investments. Police say the suspect extracted Rs 8.92 lakh before the victim realized the application was a hollow shell.
