Fake trading app racket busted; two private bank employees among four arrested in Delhi

NEW DELHI: Delhi Police has busted a fake trading app racket and arrested four people, including two private bank employees, for allegedly duping a man of over Rs 16 lakh after luring him through social media advertisements promising high returns, officials said on Monday.

The accused have been identified as Aman Kumar (29), Rahul Tyagi (39), Ankit Nagar (31), and Abhishek Singh (26), all residents of UP, they said.