In a significant breakthrough, the North Region Cyber Police have arrested three individuals involved in a massive investment fraud that duped a 49-year-old Goregaon resident of Rs2.77 crore. The accused utilized bank accounts implicated in 28 other criminal cases nationwide, amassing a total of Rs18 crore through fraudulent schemes.
The victim was initially added to a WhatsApp group named “K05-IIFL Securities Ltd,” where members discussed lucrative returns from share trading. Persuaded by these discussions, he was lured into downloading a counterfeit trading application and offered enticing schemes in IPOs and block trading. Convinced of substantial profits, he invested Rs2.77 crore. However, upon attempting to withdraw his funds, the accused fabricated excuses, claiming high taxes and potential damage to his credit score. Realizing the deception, the victim filed a complaint with the North Region Cyber Police.
Under the supervision of DCP Datta Nalawade, investigators traced approximately Rs71 lakh transferred by the victim to a bank account under the name “Rudra Enterprises.” Further inquiries revealed that this account was opened by Rushak Shirodkar, 38, with the intent to receive illicit funds. His accomplice, Krishna Gawli, 24, handled the documentation and login credentials, which were subsequently handed over to Sohail Shaikh, alias Jack, 30. All three were arrested, and four mobile phones, cheques, and debit cards were seized during the operation.
The police team responsible for this operation included Senior Inspector Suvarna Shinde, Inspector Kiran Aher, Assistant Inspector Sandeep Pachangne, and Sub-Inspector Dhanvesh Patil.
This case highlights the increasing sophistication of cyber frauds and the importance of vigilance in online financial transactions. Authorities urge the public to exercise caution and report any suspicious activities to the cyber police to prevent further incidents.
