The Azad Maidan police on Friday arrested Pushpa Bind (33), a staffer of a finance and investment company, along with her accomplice Anil Prashad Kumbhar (32) from Jaipur, for defrauding a senior resident of Cumballa Hills and his family of around Rs 1 crore.
According to the complaint, on October 4, the accused approached the complainant at his office, claiming they could reopen his son’s demat account. They instructed him to provide photocopies of Aadhaar and PAN cards, claiming an OTP would be generated to facilitate the process.
Four days later, the complainant received a message from the National Stock Exchange showing unauthorized trades totaling around Rs 25 lakh. Subsequent investigation revealed that shares in four family trading accounts, valued at approximately Rs 1.20 crore, had been sold without consent, and low-value or non-traded shares were purchased in their place.
When the complainant later visited the investment firm in Malad, he learned that similar fraudulent activities had affected other customers’ accounts as well.
Police stated that both accused are habitual offenders, with prior cheating cases registered against them at Santacruz, West Cyber, and Vangani police stations.
