Delhi Duo Arrested in 9.75 Lakh Share Market Scam

The Delhi Police apprehended two men from Gujarat for duping a resident of Rs 9.75 lakh under the pretense of share market investment returns. Identified as Ankit Patel and Patel Kirtikumar Dwarkabhai, the fraud involved routing funds through mule accounts. Further investigations aim to uncover additional scam actors.

Devdiscourse News Desk | New Delhi | Updated: 21-04-2026 16:22 IST | Created: 21-04-2026 16:22 IST

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The Delhi Police have arrested two men over allegations of defrauding a Delhi resident of Rs 9.75 lakh with false promises of high returns from share market investments. Officials confirm the accused are Ankit Patel, 44, and Patel Kirtikumar Dwarkabhai, 36, both from Gujarat.

The men reportedly targeted victims by promising substantial profits through share market schemes. Aditya Sharma became a victim, losing Rs 9.75 lakh, police stated. Investigators tracked the funds through mule accounts and linked phone records to apprehend the suspects in Gujarat.

Authorities disclosed that Ankit Patel managed these accounts, withdrew money, took a commission, and forwarded the rest to his associate. The investigation continues to identify other potential linkages in the scheme.

(With inputs from agencies.)