Mumbai Man Loses Rs 61 Lakh In Funding Rip-off, 3 Arrested

Mumbai:

The Mumbai police have arrested three individuals for offering their financial institution accounts to cyber fraudsters, who duped a share buying and selling skilled of over Rs 61 lakh by promising enticing returns on funding, an official stated on Tuesday.

The North Regional Cyber police busted the racket and arrested the trio, recognized as Lachen Shopie, Bhimbahadur Pradhan and Ramesh Kumar Abhimanyu.

The trio supplied their financial institution accounts to cyber fraudsters, who would use them to park the siphoned off cash, he stated.

The complainant within the case, Sunilkumar Sajjankumar Mishra (51), was added to a WhatsApp group final yr by way of an unknown quantity. The group functioned like an internet share market teaching platform, he added.

Mishra invested Rs 61.31 lakh as he was promised a 30 per cent return. Later, when he contacted the shopper care quantity, he was knowledgeable {that a} 21 per cent tax cost was required for withdrawing the quantity.

Discovering this suspicious, Mishra refused to pay the tax. Nevertheless, he did not get the invested quantity both.

Primarily based on the technical surveillance and investigation, police recognized and detained the three accused, the official stated, including that the police suspect a bigger community of cyber criminals was concerned in comparable funding frauds.

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