Overview

• The case began with an FIR over a ₹31.75 lakh loss after a victim was lured into a fraudulent trading app posing as BitBank.
• Scammers contacted targets via Facebook and WhatsApp, got them to install a fake app, showed false returns, and restricted withdrawals to push larger deposits.
• Nitin Sharma, 42, of Ludhiana, was apprehended after CCTV tied him to a ₹10 lakh cash withdrawal linked to the scheme.
• Investigators recovered multiple mobile devices with incriminating WhatsApp chats and transaction records that connect Sharma to the network.
• Delhi Police’s Cyber Cell is tracing the wider syndicate and fund flows after finding several WhatsApp numbers used in the fraud active in Cambodia.