Overview
- Arpit Mishra ('Professor'), Prabhat Vajpayee ('Amanda') and Md. Abas Khan ('Abbas'/'Freddy') were arrested after coordinated searches in Noida and Siliguri.
- Police estimate the operation duped nearly 300 investors for about ₹150 crore, with probes also pointing to an additional ₹23 crore from related schemes.
- The group posed as stock advisors in social media and WhatsApp groups, showed small early gains to build trust, then froze accounts and pressured for more deposits.
- Officers seized 11–14 mobile phones, 17–20 SIM cards, 32 debit cards and multiple bank passbooks, along with transaction screenshots and chat logs.
- A complaint by a Delhi resident who lost roughly ₹22 lakh triggered the case, and the investigation now includes forensic analysis and potential further arrests across states.