The Indore Crime Branch has arrested two absconding accused involved in a colossal gold investment scam. The accused swindled a large sum from a trader by offering lucrative returns on investments in gold and silver ornaments. Swift action by the police led to their arrest, and legal proceedings have commenced against them.
According to the police, the arrested individuals have been identified as Shubham Sharma and Pooja Sharma from Mathura, Uttar Pradesh. A case has been registered against them under the Crime Number 01/2026 and various sections of the Indian Penal Code (IPC). Currently, interrogation is ongoing.
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Duped into Investing 35 Million Promising High Returns
Additional DCP Rajesh Dandotiya stated that the case was filed by Indore resident Ankit Bajaj with the Crime Branch. He reported being assured of significant profits by investing in their supposed gold firm. The fraudsters depicted a robust gold and silver business, gaining the victim's trust.
The accused systematically coaxed the victim into investing approximately 35 million rupees. Yet, neither the expected profits nor the invested principal were returned, prompting the victim to report feeling cheated and file a complaint with the Crime Branch.
Arrest Based on Technical Evidence
The police quickly mobilized the Fraud Investigation Team, using technical evidence and cyber analysis to track and arrest the accused. During the interrogation, the fraudsters admitted to deceiving others for illicit gains.
Authorities confiscated mobile phones, bank passbooks, and checkbooks. Preliminary investigations indicate the possibility of similar scams involving other victims. The police are currently holding the accused on remand to thoroughly examine their bank accounts, transactions, and documents. Hope for more revelations in the case is high.
