Out of the 262 complaints received particularly by MHA’s I4C, maximum 91 pertain to investment frauds, 75 are related to share market investment/trading, 37 UPI fraud complaints, 11 are job fraud complaints, while six pertain to digital arrests.As part of the continued probe into the major BotBro-Meta 5 Trading app-enabled forex trade investment fraud, which was busted by the MPSTF following an FIR after a Rs 20.18 lakh fraud complaint by an Indore-based young businessman a few months back, the MPSTF teams are already in multiple cities of UP, Haryana and Odisha.These teams are particularly probing into the businesses of two of the ten companies whose accounts were largely used by the racket’s kingpin Nawab Khan alias Lavish Chaudhary (originally hailing from western UP, but possibly operating from the Middle East) and large network of fraudsters to make people from MP and other states invest huge sums in forex trading with the promise of returns spanning between 72% to 90%. “Two of the main companies in whose accounts the forex trade racket’s players asked investors to invest sums to get benefits of the BoTBro and Meta 5 Trading App-based forex trading, have their corporate offices on a single floor in Noida and related offices in Haryana and Odisha,” a source privy to the ongoing probe said.Aware of the fact that fraudulent designs have been exposed following the MP police action, the forex trade investment fraud racket’s operatives are now using social media platforms to tell their investors about switching over to alternative platforms like Bot Alpha.
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