The Gurugram cyber police have arrested two individuals, one of whom is an employee of a private bank, for allegedly defrauding people by offering attractive stock market investment opportunities, authorities reported on Tuesday.

The case surfaced on February 29 when a man lodged a complaint, claiming he had been swindled out of Rs 25.50 lakh through a fraudulent investment app promising better returns.

Following the complaint, a case was filed at the Manesar police station, prompting an investigation, officials said.

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On Monday, the police arrested Harpreet Singh from Punjab. Employed by a private bank, Singh provided bank accounts to the cybercriminals, Assistant Commissioner of Police (ACP) Cyber Priyanshu Dewan, said. 

Another suspect, Devender Singh, also from Punjab, was detained the same day, Dewan added.

Interrogation revealed that the bank account used to scam the complainant was registered under Devender’s name. Devender had sold this account to Harpreet for Rs 10,000, who then resold it to his associates for Rs 20,000.

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“We are currently interrogating Harpreet after securing a two-day police remand. The other accused has been placed in judicial custody,” Dewan stated.

This year alone, police have arrested 16 bank employees in connection with various cyber fraud cases, the authorities noted.

With inputs from PTI.