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Two men from Hisar district were arrested on suspicion of providing bank accounts to a cyber-fraud gang, according to a Hindustan Times report published October 2, 2026. Police said the accounts were allegedly used to receive money from a cryptocurrency-investment fraud targeting a Gurugram resident. The arrests are allegations, not proof of guilt; investigators were still tracing the money and looking for other participants when the report was published.
How the alleged investment fraud began
Hindustan Times reported that the Gurugram resident approached Cybercrime police station (South) on January 15. He told police that people contacted him through messaging services including Telegram and WhatsApp with an offer to invest in a Bitcoin and USDT trading platform promising quick, high returns. Hindustan Times, October 2, 2026
How the app allegedly encouraged further payments
The complainant said he was persuaded to download an application that displayed investment profits. Investigators said the displayed gains were manipulated from the backend. After being encouraged to invest more, he was unable to withdraw the money, according to the report.
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What police said about the money and bank accounts
The report says the complainant transferred ₹4.72 crore to multiple bank accounts. Gurugram Police public relations officer Sandeep Turan said ₹2 lakh was found credited to a firm account during the investigation. As described by Turan in the report, Gagandeep alias Kalu, 31, allegedly opened the account and passed it to Gurwind, 28, for commission; Gurwind then allegedly gave access to cyber-fraudsters. Both men are from Kunwari village in Hisar district. Hindustan Times
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The article also reports that police said the suspects allegedly demanded ₹1.25 crore to restore the trading account, claiming the money was needed for GST, taxes and other charges. That demand is part of the police account reported by the newspaper; it is not independently established in the report.
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Hindustan Times reported the arrests of Gagandeep alias Kalu and Gurwind on suspicion of providing accounts to the alleged gang. The article does not establish that either man has been convicted. At publication, police were still tracing the money and looking for other alleged participants. The report does not provide a police release or case number, and it does not establish a later court outcome.
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