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South Cyber Police in Mumbai bust Rs 1.5-crore online trading scam, one arrested
Updated On: 07 October, 2025 10:16 PM IST | Mumbai | A Correspondent
According to the police, between 20 August and 4 September, a woman was duped through a fake online trading scheme on the ‘Ascent IT Service’ platform. The complainant was lured into investing in the firm after joining a WhatsApp group and was promised high returns on foreign exchange trading
The arrested accused allegedly opened and handled one of the accounts used in the fraud. Representational pic
The South Cyber Police Station in Mumbai has uncovered a major online investment fraud amounting to over Rs 1.5 crore and arrested one person in the case.
According to the police, between 20 August and 4 September, a woman was duped through a fake online trading scheme on the ‘Ascent IT Service’ platform. The complainant was lured into investing in the firm after joining a WhatsApp group and was promised high returns on foreign exchange trading.
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