Gujarat-based gang lured 74-year-old by sending him fake investment links
Four members of the cyber fraud gang in custody of DB Marg police. Pic/By Special Arrangement
The DB Marg police have arrested four members of a cyber fraud gang from Gujarat for allegedly cheating a 74-year-old retired ONGC employee of over Rs 60 lakh on the pretext of stock market investments.
In April 2024, the complainant was contacted on WhatsApp by the accused, who promised profitable stock market schemes via a trading app. They sent the complainant a link and instructed him to transfer funds to various bank accounts to participate in these so-called investments.
The complainant, trusting the communication, transferred a total of Rs 60,26125 through online transactions. However, no investments were made, and the accused cut contact when the victim realised that he was duped.
Police investigation
During the investigation, police discovered that Rs 18.24 lakh of the fraudulently obtained amount had been transferred to multiple bank accounts. Acting on these leads, the DB Marg police arrested four accused from Somnath and Surat city in Gujarat.
The four accused arrested in the case have been identified as Javedbhai Mohammadbhai Sumara, 40, Jignesh Mohanbhai Kalsariya, 27, Mahadev Jasubhai Gedhiya, 30 and Ravi Ramjibhai Azgiya, 36.
Police have seized four mobile phones, seven SIM cards, and details of 12 bank accounts linked to the fraud. The accused are remanded to police custody.
Police advisory
DB Marg police have urged citizens to remain cautious about online investment offers, especially those made over social media or messaging platforms like WhatsApp, and to thoroughly verify the legitimacy of such schemes before transferring money.
April 2024
Year the complainant was contacted by the accused
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