Sangrur police have arrested 10 people for allegedly cheating Karanvir Kansal, a resident of Sunam, out of ₹17.93 lakh by luring him into investing through a fake stock trading app called Angelpro.
The arrests were made from a rented house in Mohali, where the accused were running their operations. Police also recovered 17 mobile phones, six cheque books, five ATM cards, and a passport from their possession.
According to Sangrur SP (Headquarters) Dilpreet Singh, the fraudsters tricked Kansal into joining a WhatsApp group where they convinced him to invest in the share market. From January to February, Kansal transferred money into multiple bank accounts controlled by the gang.
When he later tried to withdraw his money, he was unable to do so. The fake app continued to display his investment amount of ₹17.93 lakh, along with a fake profit of ₹27 lakh, but gave no option for withdrawal.
An FIR has been registered at the Cyber Crime Police Station, Sangrur, under Sections 318(4) and 61(2) of the Bharatiya Nyaya Sanhita (BNS).
The arrested individuals hail from different parts of the country — including Sri Ganganagar, Abohar, Ludhiana, Patna, Faridabad, Gujarat, and Uttar Pradesh.
The police are now investigating whether more people fell victim to this scam.
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