Mumbai police arrest a woman, identified as Pushpa Bind, over an alleged Demat account hack involving Rs 4.58 crore in shares sold without consent, with police saying the proceeds were used to buy penny stocks. Police allege access was obtained on August 10 by using the victim’s login credentials and manipulating the one-time password process.
Separately, reporting also links share-trading investment fraud investigations to a wider network across India. The Hindu and Free Press Journal describe arrests of three people from Nagpur connected to an investment fraud case, with police tracing money from an initial share-trading complaint to a bank account in Nagpur. Those outlets say the accused are linked to multiple cybercrime cases nationwide and provide details on the investigative trail and the alleged modus operandi in the broader racket.
Across outlets, there is overlap in the broader theme of cyber-enabled share-trading fraud, but the Bind Demat case is reported with more technical detail (including SIM-swap allegations) while the Nagpur arrests coverage focuses more on the larger case network and money trails. NDTV reports both items under the Bind arrest framing, while The Hindu and Free Press Journal emphasise broader linked-case findings.
