Bhopal’s Cyber Cell successfully apprehended five individuals involved in a fraudulent investment scheme that cost a local resident a sum of Rs 9.35 lakh. The fraudsters had lured the victim by promising lucrative returns through share market investments, ultimately using rented bank accounts to transfer the money.
The arrested suspects, identified as Riyaz, Rasal Ibrahim, Sachu Vasu, Mohammad Mubashir, and Rakesh Jadhav, were located in Kerala and Maharashtra. Four of the suspects were arrested in Kozhikode, Kerala, while the fifth, Rakesh Jadhav, was captured in Bhusawal, Maharashtra. This brings the total number of arrests related to the case to eight since the investigation began, with previous arrests made earlier by the cyber cell.
According to officials, the five suspects have varying levels of education, with three having completed only up to Class 12, and two others being graduates. The accused allegedly offered fake promises of substantial returns from share market investments, gaining the victim’s trust before exploiting their financial resources.
Additional DCP Shailendra Singh Chouhan emphasized that the cyber fraud team continues to investigate the role of other potential accomplices and the full extent of the scam, while further legal action against the arrested individuals is underway.