Lucknow – In a major crackdown, the Uttar Pradesh Special Task Force (STF) has arrested four individuals from Lucknow who were wanted in a high-profile fraud case registered in Mumbra (Thane district, Maharashtra). The accused were allegedly involved in duping people of crores of rupees by luring them into fake investments in cryptocurrency and the stock market.
The Arrest
Acting on intelligence inputs, the STF carried out coordinated raids across various police station areas in Lucknow on May 27, 2025, and apprehended the following accused:
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Vijay Kumar Gupta from Ayodhya
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Ashish Kumar Tandon alias Amit Kumar from Lucknow
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Salman Khan from Ambedkar Nagar
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Rajan Kumar Singh from Lucknow
These arrests were made in connection with FIR No. 915/2025, lodged by the Mumbra Police, which invoked multiple serious sections of the Bharatiya Nyaya Sanhita (BNS).
The Modus Operandi
According to police investigations, the accused had floated a fake trading company named ‘Tailwin’, promising high returns through investments in the cryptocurrency and stock markets. The gang organized seminars across various parts of the country, where they projected the company as a legitimate platform offering lucrative long-term investment opportunities, including bonuses and exaggerated returns.
In these seminars, false claims were made about earlier investors receiving significant profits, which helped them gain the trust of unsuspecting individuals. Once a substantial amount had been collected from multiple investors, the fake company was shut down and the accused disappeared.
Joint Operation with Mumbra Police
After the fraud came to light, the Mumbra Police sought assistance from the Uttar Pradesh STF. The STF’s Lucknow and Ayodhya units jointly launched a manhunt and successfully apprehended the suspects from two locations:
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Rajan Kumar Singh was arrested from Sushant Golf City, Lucknow
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Vijay Kumar Gupta, Ashish Kumar Tandon alias Amit Kumar, and Salman Khan were nabbed from Shakti Apartment, Ashraf Vihar Colony in Chinhat police station area
All four accused have been handed over to the concerned police stations, and the Mumbra Police is now completing the transit remand process for further legal proceedings.
STF Officials Involved
The operation was led by Inspector Shailendra Kumar under the supervision of Deputy Superintendent of Police Pramesh Kumar Shukla from the STF Headquarters in Lucknow. The Ayodhya unit, headed by Sub-Inspector Saurabh Mishra, also played a key role in the coordinated arrests.
This operation highlights the growing collaboration between inter-state police units in tackling complex financial crimes and cyber frauds. Investigations are ongoing, and more arrests could follow as the extent of the scam continues to unfold.
