Nagpur man held for Rs 3.8cr forex trading scam | Jaipur News

Jaipur: Rajasthan Police’s State Cyber Crime Branch Saturday arrested a Nagpur man for allegedly supplying bank accounts used by an interstate cyber fraud syndicate that duped a Jaipur-based doctor of Rs 3.81 crore through a fake forex trading and online investment scheme. The accused was brought to Jaipur on a transit warrant for questioning.Additional director general of police (Cyber Crime) Vijay Kumar Singh identified the arrested accused as Rakshak Rahul Gajbhiye. Police alleged that he supplied bank accounts used to route money siphoned from a resident of Malviya Nagar, who was cheated through a Telegram group operating under the name “CMC Global CS”.Police said the case came to light after the victim lodged a complaint with the State Cyber Crime police station on Oct 5, 2025. According to investigators, he searched Google for forex trading and investment opportunities, following which fraudsters posing as customer care executives contacted him and persuaded him to join a Telegram group.Investigators alleged that the fraudsters collected the complainant’s Aadhaar and PAN details on the pretext of registration before creating an account for him on a fake online trading portal and providing login credentials.Police said the syndicate initially persuaded the doctor to invest a small amount and returned a genuine profit to gain his confidence. Encouraged by the returns, he continued investing larger sums after the portal displayed steadily increasing profits, which investigators said were fabricated.According to police, the doctor invested a total of Rs 3.81 crore before attempting to withdraw his money after becoming suspicious. As soon as he submitted the withdrawal request, the fraudsters allegedly removed him from the Telegram group, deleted the chat history and stopped all communication.Investigators analysed multiple bank accounts, IP addresses linked to the Telegram group and mobile phone records before tracing the money trail to Nagpur. Police alleged that Gajbhiye supplied bank accounts used by the syndicate to receive and transfer the cheated money.The accused was arrested in Nagpur and brought to Jaipur on a transit warrant. Police said he is being interrogated to identify the kingpins of the racket, trace the interstate network involved in the fraud and ascertain the flow of the defrauded money. Further investigation is underway.