The Cyber Police arrested two individuals involved in a Rs3.63 crore cyber investment scam that duped a 21-year-old private firm partner, likely the youngest victim in the city to lose crores to online fraud.
The victim was lured into the scam between March 10 and 25 after joining WhatsApp groups ‘Ganpati Trade Group’ and ‘F-6 Mirae Assets,’ where fraudsters shared fake trading profits and promised lucrative IPO offers through a trading app.
Under police supervision, it was revealed that some funds were funneled through a fake company, CWFS Pvt Ltd., which did not actually exist. Mohammad Tanvir Khan (31), one of the company’s “directors,” was arrested in Goregaon on May 27. Additionally, real estate agent Adnan Khan (27) of Mira Road, who withdrew Rs4.89 lakh from the scam proceeds, was also arrested the same day.
Police continue to investigate the scam and recover the defrauded amount.
