INDIA FIRST . UJJAIN . AMRIT BENDWAL
In a major breakthrough, Ujjain Police have busted a large cyber fraud racket involved in cheating people in the name of share trading. The Madhav Nagar (Jiwajiganj) police station team raided a fake call center operating in Indore and arrested four accused, including the mastermind.
Fake “ALICE BLUE” Office Busted
During the investigation, police discovered that a fake office was being run under the name of “ALICE BLUE” brokerage firm. The call center was operating from the third floor of a building located behind Orbit Mall in Vijay Nagar, Indore.
The operation was carried out under the guidance of Additional SP (City East) Alok Sharma and CSP Pushpa Prajapati, by a specially formed police team.
Complaint Led to Major Breakthrough
The case came to light on March 25, 2026, when Ujjain resident Suraj Rathore filed a complaint on the cyber helpline (1930), stating that he had been cheated of ₹70,000 after being lured with promises of high returns in the stock market.
Based on technical and manual investigation, including analysis of mobile numbers, bank accounts, and UPI transactions, police traced the network to Indore resident Saurabh Yadav, which led to the exposure of the entire racket.
During interrogation, the accused revealed that they used a fake application named “Mahindra Trading” to defraud investors.
Victims were first approached through genuine trading platforms to build trust
Later, they were shifted to the fake app under the pretext of saving commission
Investors were lured with high returns and asked to invest ₹20,000 to ₹1 lakh
When victims tried to withdraw money, they were blocked or asked to deposit more funds
Massive Seizure of Equipment
During the raid, police seized:
6 fake SIM cards
3 debit cards
15 CPUs and 19 monitors
Mobile phones, routers, keyboards, and mouse
Data of multiple investors
Key Accused Absconding
Police revealed that the gang was supported by Mintu alias Mayur Parihar, who provided fake SIM cards and bank accounts. He is currently absconding, and efforts are underway to arrest him.
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