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Panchkula: Man held in ₹11L online trading fraud case

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activeCyber Crime / Digital ArrestPunjab

Panchkula: Man held in ₹11L online trading fraud case

A woman fell victim to an online trading and work-from-home fraud after being contacted via WhatsApp in January 2026. The perpetrators promised high returns on share trading, persuaded her to download a fraudulent app, and instructed her to transfer money across various bank accounts between March and April 2026. Although the app falsely showed her investments growing to over ₹52 lakh, she was later blocked from withdrawing her funds and pressured to pay an additional ₹6 lakh for taxes and security charges. In total, she suffered a financial loss of ₹11 lakh.

State

Punjab

First reported

October 2026

Agency involved

Cyber Crime Police Station, Sector-20, Panchkula District Police

Arrests

One man arrested

Charges or sections cited

Sections 316(2), 318(4), 338, 336(3), 340(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS)

Status

The arrested accused is in a five-day police custody remand while investigations continue.

The full story

Everything you need to know about this case, in one place.

Investigators discovered that the fraudulent transactions were routed through a bank account linked to a firm based in Mohali. Following a complaint filed at the cyber crime police station in Sector-20 on October 17, district police arrested a man in connection with the case from the Raipur Rani area in Panchkula. Authorities stated that the arrested individual allegedly supplied his firm's bank account to his associates to receive cyber fraud proceeds in exchange for a commission.

Following his arrest, the accused was placed in a five-day police custody remand. Law enforcement agencies are currently examining the wider money trail, investigating the involvement of other suspected gang members, and reviewing potential linked locations across different states.

Not yet reported: The articles do not mention whether any other suspects have been apprehended or what final legal outcomes resulted from the broader multi-state investigation.

Where the case stands

The latest position in the reports we read.

The arrested accused has been remanded in five-day police custody, and police are investigating the wider money trail and the roles of other suspected gang members.

Who was affected

Described in general terms; we do not name victims.

A woman who lost ₹11 lakh after being targeted through a WhatsApp-based investment and work-from-home scam.

Timeline

Key dates as reported, oldest first.

January 13, 2026The victim was first contacted on WhatsApp regarding a work-from-home and online share trading opportunity.

March 2026The victim transferred money to various bank accounts following instructions from the accused.

April 13, 2026The victim transferred an additional demanded amount for taxes and security charges before the app stopped working.

October 17, 2026A formal case was registered at the cyber crime police station in Sector-20.

Sunday (Reported October 2026)Police arrested the accused from the Raipur Rani area in Panchkula and remanded him to five-day police custody.

How the scam worked

The method described in the reports.

The victim was contacted on WhatsApp with an offer for a work-from-home opportunity and high returns on online share trading.
The fraudsters gained her confidence by sharing investment tips and instructing her to download an app and upload her personal details.
The victim transferred money to various bank accounts as directed, while the app displayed fake growth of her investments.
When attempting to withdraw funds, she was blocked and demanded to pay an additional amount for taxes and security charges under threat of forfeiture.
After making the extra payment, the app stopped working and she was asked to deposit more funds, leading her to realize she was cheated.

Targeted by something similar?

Call 1930 (free, 24x7) straight away, then file at cybercrime.gov.in. Money reported in the first hours is far easier to freeze.

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

hindustantimes.comOriginal report Hindustan Times<![CDATA[https://www.hindustantimes.com/cities/chandigarh-news/panchkula-man-held-in-11l-online-trading-fraud-case-101793045625461.html]]>Panchkula: Man held in ₹11L online trading fraud case | Hindustan Times - Hindustan TimesHindustan Times · 27 Oct 2026

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