Indore (Madhya Pradesh): Crime Branch arrested a man from Bengaluru who was involved in a multi-crore share trading scam and had duped investors across Madhya Pradesh and several other states.

The accused, Ghulam Moinuddin, had been absconding and hiding in various locations across Karnataka before being caught.

According to police, the accused defrauded investors of approximately Rs 5.7 crore by luring them into fake share trading schemes, promising high profits. He operated through bogus firms named Stage One, Sunrises, and several others.

Victims Rekha Solanki of Arihant Nagar, Jitendra Patidar of Mahalaxmi Nagar and Siraj Khan of Khajrana, among others, lodged complaints at the crime branch office. They were convinced to invest large sums of money in what they believed were legitim

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