Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Lucknow Police Arrest Man In Fake IPO And Gaming Scam In MP’s Petlawad

Petlawad (Madhya Pradesh): Lucknow police arrested a man in connection with an alleged fake IPO and gaming scam. The suspect, identified as Vinod Gopal Rathore of Roopgarh village, was produced before the Petlawad court and subsequently taken to Lucknow. According to information, Uttar Pradesh Special Task Force (STF) investigators have named Rathore, owner of Pixlr Company, as an alleged…

Lucknow Police Arrest Man In Fake IPO And Gaming Scam In MP’s Petlawad

Lucknow police have arrested Vinod Gopal Rathore, a resident of Roopgarh village, in connection with an alleged fake IPO and gaming scam in Madhya Pradesh's Petlawad. The suspect, who owns Pixlr Company, has been charged by Uttar Pradesh Special Task Force (STF) investigators as an associate of a nationwide fake IPO and stock market cyber fraud syndicate.

The syndicate allegedly orchestrated the fraud, involving Rs 2,934 crore, under the leadership of Anurag Srivastava. During interrogation, authorities found that Rathore was involved in launching a gaming company in 2022 in association with Srivastava and other gang members. This company allegedly facilitated suspicious transactions and concealed proceeds from cyber fraud.

The syndicate reportedly used fake trading applications and WhatsApp groups to lure investors, who were then redirected through My Ground 11 Gaming Zone Pvt Ltd. Investigators also discovered that fraudsters had misused the name Vinod Rathore while posing as law enforcement officials online.

Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at freepressjournal.in →

More in Finance & Markets

More from Monday 24 August →