In a major breakthrough, the Crime Branch has arrested four individuals for defrauding a city businessman of Rs 4.85 crore under the guise of lucrative forex trading investments. The accused used fake trading software to convince the victim to transfer large sums of money, promising high returns, only to make off with the funds.
The victim, a businessman, was first contacted by the fraudsters who sent him a link to a fake forex trading platform. After downloading the software, the businessman made an initial investment of Rs 10,000. To his surprise, his account balance grew to Rs 40,000 within minutes. Encouraged by the rapid return, the conmen convinced him to invest more money, claiming that he could quadruple his investment.
Over time, the businessman invested a total of Rs 4.85 crore, and his account supposedly grew to Rs 16 crore. However, when he tried to withdraw the funds, he found himself unable to access the money. Upon trying to contact the fraudsters, he was unable to reach them, and it soon became clear that he had fallen victim to an online scam.
Realizing he had been duped, the businessman filed a complaint with the Crime Branch. During the investigation, the police arrested three of the accused—Aryan, Mohammad Faiz, and Amir—from Nagpur and Chhattisgarh. Through their interrogation, the police uncovered additional leads and identified the involvement of a fourth accused, Sohail Khan, who was arrested in Surat.
Sohail Khan is accused of providing bank accounts—opened using forged documents—to the other fraudsters for receiving the victim’s money. The police are continuing their investigation to identify other individuals involved in the scam and to track any additional victims.
This arrest highlights the increasing sophistication of online fraud and investment scams, where cybercriminals use convincing software and promises of high returns to lure victims into transferring large sums of money.
