Pimpri Chinchwad cyber police have arrested three men involved in a Rs 67 lakh online share trading fraud targeting an engineer working with a private company. The arrested suspects have been identified as Rohit Patadia (33), a mobile shop owner from Kondhwa, Vishal Kadam (36), a real estate agent from Malad, Mumbai, and Ramzan Chauhan, a painting worker from Rajasthan. The main handler of the fraud, who is from Mumbai, remains on the run.
The fraud began in October of the previous year when the victims were promised lucrative returns from share market investments. The accused convinced the engineer to invest significant amounts through their firm, but eventually, the victim lost Rs 67 lakh. During the investigation, the cyber police discovered that the money was transferred to two bank accounts linked to Rohit Patadia. The police traced him to Kondhwa, where he was apprehended.
Patadia later revealed the involvement of Vishal Kadam and Ramzan Chauhan, who used his bank accounts for the fraudulent transactions. Further investigation revealed that Patadia had been struggling financially and came in contact with Chauhan, who advised him to offer his bank accounts as mule accounts to earn money.
The investigation is still ongoing, with the police actively searching for the mastermind behind the scam.
