Pimpri Chinchwad: Police raided a bungalow in Lonavla on Thursday night and arrested four youngsters allegedly running an online share trading fraud racket.
The accused were identified as:
Monilal Atulkumar Modi (24) – Mehsana, Gujarat
Ravi Gokul Prasad Jat (21) – Rajgarh, Madhya Pradesh
Rudrapal Singh Chouhan (22) – Khandwa, Madhya Pradesh
Hansh Verma (19) – Borivli, Maharashtra
According to Pimpri Chinchwad Police Commissioner Vinoy Kumar Choubey, the suspects were operating second-layer bank accounts to siphon funds in the fraud.
A team led by Senior Inspector Ravikiran Nale and Assistant Inspector Pravin Swami conducted the arrest while investigating a case registered at Sangvi Police Station. In December last year, a victim was defrauded of Rs98 lakh through the online share trading scam.
Police are continuing their probe to identify any additional accounts or accomplices involved in the operation.
