Doubling money: MBA grad held for duping people

New Delhi, April 5 (IANS) An MBA graduate was arrested in the national capital for cheating people on the pretext of doubling their money in no time, an official said on Tuesday.

The accused, identified as Rajat Aggarwal (25), has completed MBA (Finance and Marketing) from Chaudhary Devilal University, Sirsa in 2021 and is also a budding singer.

Furnishing details, DCP Sameer Sharma said a case under section 420 of IPC was registered in Cyber Police Station Outer District, Delhi on the complaint of a woman complainant, who alleged that one Instagram ID 'divya_garg_2' contacted her regarding doubling her money and later induced and cheated her of Rs 1,70,000. The payments were made through the UPI mode and in three transactions i.e Rs 1,00,000, Rs 40,000 and Rs 30,000.

Even after cheating her of Rs 1,70,000, the cheater further demanded Rs 1,12,000 more by way of taxes but the complainant understood the fraud and filed the complaint in the cyber Police Station. The police after registering the case analysed IP Addresses, CDRs of the suspected Mobile Phone Numbers, IMEI and found that all suspected IP addresses were connected with one person -- accused Rajat Aggarwal.

Subsequently, the police conducted a raid and apprehended the accused from Sirs, Haryana.

The accused Rajat Aggarwal used to ask his customers in order to double money, they need to purchase Gift Cards and E-vouchers of leading portals like bluestone.com and asked them to send those vouchers directly to his fake email ID.

On his instance E-Gift Cards/E-Vouchers worth Rs 15 lakhs, 02 mobile phones, 02 Google accounts & 01 instagram account used in cyber frauds are recovered, the official added.