Surat police have arrested two men in connection with a high-value investment scam in which Dr. Nitin Prabhakar Deshapande lost Rs 1.1 crore. The arrests were made after a year-long investigation that uncovered a prevalent online fraud scheme.
Scammers had created a fake website mimicking the global investment firm “Stanley Morgan”. Lured by promises of substantial returns, Dr. Deshapande invested a significant sum, only to later discover he had been cheated. A case was immediately registered at Juna Rajwada Police Station.
The police investigation traced the scam to Tousif Iliyas Raja (24) and Umang Bharatbhai Dudhat (30), both based in Surat. Around Rs 59 lakh of the total amount was transferred to the accounts of these two accused. The men were subsequently arrested and presented before the court, which remanded them in police custody until July 22.
