Itanagar, Oct 16: The Naharlagun Police has arrested the absconding accused involved in the Rs 46 lakh FXSTOCK investment fraud case, bringing relief to hundreds of victims who were duped through a fake online investment scheme.
The accused, identified as Deepak Khatri, a resident of Shastra Dhar Road, Dehradun, was arrested from Saket, New Delhi, on October 13, following a month-long intensive surveillance across Uttarakhand and Delhi.
The operation was carried out by a police team led by Sub-Inspector BP Singh, head constables Kanto Samyor and Lham Tsering, under the guidance of Naharlagun PS OC Inspector Krishnendu Dev, and the overall supervision of SP Dr Nyelam Nega.
According to the police, a complaint was received last month alleging that Deepak Khatri, who falsely claimed to be a Core Team Member and North East In-charge of FXSTOCK CORPORATION LIMITED (operating under the websites www.fxstockcorp.com and www.fxst.org), had been promoting an investment scheme in Naharlagun since 2023. The accused lured several individuals with false promises of 12% or higher returns on investments.
A case was registered at Naharlagun Police Station under NLG/PS/Case No. 119/25 U/S 316(2)(5)/318(4)/3(5) BNS.
During the investigation, it was revealed that the accused had convinced investors to pay Rs 9,200 each for registration and account activation, assuring them that the amount was refundable. Misled by these fraudulent claims, around 503 individuals invested a total of about Rs 46,27,000, which was subsequently misappropriated by the accused.
Police investigations confirmed that the entire operation was a well-planned financial fraud, aimed at cheating the public through deliberate misrepresentation.
Commending the team for their efforts, SP Dr Nyelam Nega urged the public to remain vigilant against online investment scams, especially those promising unrealistic or guaranteed returns. He advised citizens to verify the authenticity of companies and digital investment portals before engaging in any form of monetary transaction.