Ahmedabad: The city’s cybercrime branch has arrested two individuals, including Hiralba Jadeja (60), wife of former independent MLA from Kutiyana Bhura Munja Jadeja, for allegedly duping investors by posing as representatives of a leading financial services company.
According to police officials, the accused lured victims with promises of large returns on stock and IPO investments. The complainant was first contacted via WhatsApp and added to a fake investment group using the company’s name. The fraudsters, posing as company executives, persuaded him to invest through links shared on the app.
Believing the claims, the victim transferred Rs31.59 lakh to multiple bank accounts expecting high profits. Investigators later traced Rs50,000 and Rs3.25 lakh to accounts used for laundering the money. Another bank account showed massive fund movement — Rs129.06 crore credited and Rs128.89 crore debited — pointing to a large-scale financial operation.
Police identified that the accounts were managed by Hiralba Jadeja and her associate Naitik Mavani from Mumbai, who falsely posed as exporters of garlic, onions, and peanuts. They had also established a firm named Viththal Pulse Commodities in Junagadh GIDC with help from co-accused Sachin Kanakray Mehta (48) of Malad, Mumbai.
The accused were transferred from Porbandar and Junagadh jails on November 7 under a court warrant and are currently in three-day police custody. Earlier, Porbandar cybercrime authorities had already filed a 3,000-page chargesheet against Jadeja and her partners in a massive online fraud case. She also faces separate charges of abduction and extortion.
