Dehradun, Aug. 13 -- The state special task force's cyber cell has arrested a 20-year-old man from Punjab over his alleged involvement in a cybercrime ring that cheated a state resident of Rs.55.48 lakh by promising profits from investments in shares and initial public offerings (IPOs), police said on Wednesday. The accused was identified as Prabhjeet Singh. He was arrested from Tara Wala Pul on Jalandhar Road in Amritsar on August 11, police said, adding that they seized a mobile phone and an SMS alert number from him. Police said Singh contacted the complainant in December 2025 and claimed to be associated with a wealth management firm to promise profits from investments in shares and IPOs. The complainant proceeded to transferRs.55,48,412 through RTGS to various bank accounts linked to the accused. "During the investigation, police found that the accused's Punjab National Bank account received Rs.8.94 lakh of the defrauded money. Of the Rs.25.48 lakh transferred by the complainant to the first-layer suspicious account, M/S Hari Om Traders, Rs.3.18 lakh and Rs.5.76 lakh were subsequently transferred to Singh's account. The accused withdrew the money through cheques and ATMs. Banking and technical evidence established his alleged active involvement in the cyber fraud," said SSP Ajai Singh....