Times News NetworkKanpur: Additional sessions judge, Kanpur Nagar, AK Tiwari on Wednesday dismissed the bail application of accused Narendra Kumar who was arrested under the IT Act and various sections of BNS.The judge in his order observed that the accused and the co-accused had jointly usurped a sum of Rs 1,03,81,349 of Rajiv Ranjan by preparing fabricated and forged documents and using internet and electronic medium.The accused used his bank account in receiving the amount by cyber cheating and then transferring the same in other accounts. In memo no. 9 of the case diary 9, the name of accused Narendra Kumar was cropped. He and the other co-accused had jointly cheated the complainant and usurped his Rs 1,03,81,349. The offence is punishable with life imprisonment, the judge saidSince the investigation was going on and it could not be denied that after getting bail the accused might disturb the investigation. Hence in view of the facts and circumstances and seriousness of offence and without making any comment on merits of the case there were not sufficient grounds for bail hence the bail application of the accused was being dismissed, the court said.According to assistant district government counsel Sanjay Kumar Jha, complainant Rajiv Ranjan lodged the FIR at police commissionerate and claimed that near Deepawali festival he had received a WhatsApp call in which the caller introduced himself as registered advisor of share market and stated that his company used to provide its customers shares at reduced rates and provide profit on their investments.He asked him to join the WhatsApp group & Launch Club H49. Thereafter they asked him to download a link which displayed his name and a trading account. Two people then advised him to invest in a particular share. Later, Vaidehi Deshmukh, Sharvika Bennett and R Amarnath and others informed him that their company was a SEBI registered company and sent him fabricated documents on his WhatsApp.The complainant had invested alot of money in shares suggested by them. On November 11, 2025, they informed that R Amarnath was arrested in insider trading and a fine to the tune of Rs 100 crore had been imposed on him and 20 and now if he deposited the 20 percent of his investment then his account would be unfreezed.At his juncture, the complainant felt that he had been cheated. He contacted SEBI which informed that the said company and all other papers were forged and fabricated.
