Uttar Pradesh Police Dismantle Major Fraud Operations

The Uttar Pradesh Special Task Force (STF) has made a significant breakthrough in its efforts to combat financial crime, dismantling two major fraud operations linked to fake share market investments, cryptocurrency, and forex schemes.

According to officials, the STF apprehended Rupesh Bhardwaj, a 26-year-old resident of Ghaziabad, for his alleged role in duping investors with false promises of high returns in the stock market. Bhardwaj operated X Traders Enterprises, which used counterfeit share certificates to build investor trust.

In a separate operation, the STF also apprehended Jatindra Ram of Haryana for his involvement in a widespread cryptocurrency and forex investment fraud using a firm named 'Sea Prime Capital' to fleece investors and launder proceeds internationally. Both individuals have been charged under various financial crime legislations.