Lucknow: A software program engineer who duped practically 300 individuals in a number of UP districts of Rs 30 crore by way of a faux buying and selling software providing funding schemes was arrested in UP’s Sant Kabir Nagar on Wednesday.The accused Dhananjay Shukla, 35, was arrested alongside together with his spouse Rajni Prajapati, 30, for a fraud case lodged towards him at Mahuli police station of Sant Kabir Nagar in Oct 2025.Police stated Dhananjay ran a web site “TVS Answer” and developed a buying and selling app that promised traders as much as 6% month-to-month fee for conserving cash in digital wallets for 180 days.Whereas Dhananjay holds a BTech diploma, his spouse is a masters in laptop science.Police stated Dhananjay operated 5 workplaces in Lucknow and focused colleges and training centres to draw traders. Police suspect he used crime proceeds to construct an opulent home close to the Yamuna Expressway.Police stated Dhananjay used aggressive networking methods to broaden the fraud.Police stated the cash was by no means invested within the share market or legit buying and selling platforms. As a substitute, the funds have been diverted elsewhere by the accused whereas the appliance continued to point out fabricated balances to keep up investor confidence.Investigators stated the accused additionally ran a referral-based system, providing larger commissions to individuals who persuaded others to affix the scheme. This helped the community broaden quickly, with many victims unknowingly bringing of their buddies, relations and acquaintances.Police sources stated traders initially obtained some returns for a couple of months, which additional strengthened belief within the scheme and inspired bigger investments. As soon as confidence was established, the alleged fraud community expanded considerably.“Throughout interrogation, Dhananjay disclosed that he had established 5 workplaces in Lucknow to function and handle the funding racket. Police consider the operation was extremely organised and unfold past Uttar Pradesh into a number of different states,” stated Sant Kabir Nagar SP Sandeep Meena.An in depth scrutiny of information recovered from the workplaces is underway. A number of necessary paperwork and digital information have been seized, and police are inspecting transaction particulars, investor databases and property-related paperwork.Police consider additional revelations might emerge as soon as the accused is taken into custody for questioning.The fraud got here to gentle after a number of traders realised they have been unable to withdraw their cash. Following complaints, an FIR was registered at Mahuli police station in October 2025 on the criticism of Rangeelal Maurya.Initially, police had named 13 accused individuals within the FIR. Nevertheless, in the course of the course of investigation, they discovered that a number of of these named people have been themselves victims who had been manipulated into selling the scheme.Investigators are actually reassessing the position of every accused particular person to tell apart precise conspirators from duped traders.“Names of these whose involvement is established shall be added. Police are making effort to make sure that no harmless particular person is distributed to jail,” stated CO CIty Abhay Nath Mishra.Police suspect that the accused diverted the cash into actual property and private belongings. Authorities are actually making ready to provoke attachment and seizure proceedings towards the property.Police officers stated the community’s monetary path is being traced and extra arrests are possible because the investigation progresses.