4% Monthly Profit Lure: Dhamtari Operator Held for Investor Fraud

Police in Dhamtari have arrested the key suspect in a share trading fraud that allegedly cheated investors of more than Rs 3.12 crore. The suspect was caught in Indore, Madhya Pradesh, after a targeted operation carried out under the supervision of Superintendent of Police Bhavna Pandey.

The accused, Vikram Singh Shah, is alleged to have attracted investors by promising 4 percent profit every month from share market and trading app investments. To make the offer appear credible, he got notarised agreements prepared on stamp paper and handed over bank cheques as security.

The fraud came to light after a complaint from Shivkumar Sahu, 62, of Gurur in Balod district. Sahu said he and his family had invested Rs 25 lakh based on the assurances. The accused initially paid modest returns, but later vanished along with the principal and the promised profits.

The probe has revealed that the accused collected large amounts from multiple investors through a planned process. Sangita Sinha lost Rs 81 lakh, Ambika Prasad Sonwani lost Rs 60 lakh, Bhushan Sinha lost Rs 28 lakh, Chetan Sinha lost Rs 16 lakh and Prabhulal Sinha lost Rs 12 lakh, according to police.

A special team was constituted after the case gained seriousness. Following technical evidence and informer information, police located the accused in Indore, surrounded the area and took him into custody. He was formally arrested on October 29, 2026.

Police recovered two mobile phones, a tablet and investment documents from his possession. He is a 37-year-old resident of Dhamtari who had been living in Raipur. Authorities plan to seek his remand and are investigating how the funds were invested or transferred, as well as the possible role of others.

Police have appealed to the public to avoid investment schemes that promise unusual or guaranteed monthly returns and to verify legitimacy before investing any money.