The Goa Police Cybercrime Cell has arrested 31-year-old Pushkar Goyal, a resident of Haryana, for allegedly orchestrating a Rs1.6 crore online investment fraud targeting a Goa-based victim.
According to police, Goyal operated three WhatsApp accounts and executed the fraud between October 18, 2025, and January 16, 2026.
How the Fraud Was Carried Out
Investigators said Goyal contacted the victim via social media and added him to a WhatsApp group, posing as a representative of “nDalton Investment Inc” and claiming association with Retailer Associations Mumbai.
The accused allegedly lured the complainant with promises of high returns through “upper circuit” stock investments. Trusting the claims, the victim transferred Rs1.6 crore through 13 separate transactions into multiple bank accounts across India.
Police stated that the fraud involved impersonation using computer resources, making it a cybercrime offence under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the IT Act.
Multi-State Cyber Links Uncovered
A technical investigation traced Goyal to Faridabad, Haryana. Authorities revealed that:
He actively operated multiple bank accounts
₹28 lakh from the complainant was routed into one of his accounts
The same account is linked to several cybercrime cases in Maharashtra, Gujarat, and Goa
The total fraud exposure connected to the account amounts to Rs2.4 crore
The case was registered based on a complaint filed by a resident of Corlim in Tiswadi.
Ongoing Investigation
The accused has been produced before a court, and police are seeking custody for further investigation.
The probe is being conducted under the supervision of PI Deepak Pednekar of the cybercrime police station. Authorities are continuing efforts to trace additional links and accomplices involved in the wider fraud network.
