The arrests were made after a detailed investigation into their involvement in organised online fraud activities, police said.
| Photo Credit: The Hindu
The Cyber Crime Wing of Tamil Nadu Police has arrested three men from West Bengal as part of its ongoing investigations in connection with two separate cases registered for their involvement in an online stock trading investment scam.
The arrests were made after a detailed investigation into their involvement in organised online fraud activities, police said.
An online stock trading investment scam typically begins by adding individuals to WhatsApp groups that appear legitimate, filled with fake testimonials showcasing huge profits.
To build trust, scammers often provide small initial returns to early investments. Once the victim gains confidence and invests larger amounts, the fraudsters disappear, resulting in significant financial losses.
In the first case, the victim clicked a link from Facebook believing it to be a genuine trading app and invested over ₹1.6 crore. This case was taken up by the State Cyber Crime Investigation Centre and the accused, Sahazada Hossain, son of Ali Hossain, from Kamat Changrabandha, Cooch Behar, West Bengal, was arrested on August 21, by a special team at a strategic place which is only 500 m from the Bangladesh border.
Additional Director General of Police, Cyber Crime, Sandeep Mittal said the accused is a layer 1 mule account holder in this case and upon analysis, it is found that he was involved in 29 cases registered in NCRP (National Cyber Crime Reporting Portal) across India.
In the second case, the complainant in Tamil Nadu was lured via WhatsApp in an online investment app promising high returns and had invested ₹50 lakh. He was cheated last year. On investigation, two individuals were apprehended.
Amit Saha (24), son of Ganesh Saha, residing at Habra, North 24 Parganas, West Bengal, is the prime suspect in this case who is a layer 1 mule account holder. Upon analysis, he is found to be involved in 35 cases registered in the NCRP portal across India.
Kamalesh Debnath (36), son of Nirmal Debnath, residing at Banipur, North 24 Parganas, West Bengal, is the other accused, who acted as a mule account agent buying the bank accounts for commission.
Investigations are ongoing based on the information provided by the arrested accused, said Mr. Mittal.
Published – August 28, 2025 11:40 am IST
