Major stock investment scams across India; four arrested in Bengaluru

BENGALURU: The Directorate of Enforcement (ED) arrested three persons — Shashi Kumar M (25), Sachin M (26) and Kiran SK (25) — on Aug 15 and another person Charan Raj C (26 ) on Aug 21 in Bengaluru in a case related to cyber investment scams worth over Rs 25 crore, in which innocent persons are being cheated by inducing them to invest in stock markets through fake and fraudulent apps.