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Mumbai Police busts fake share market investment scam; 8 including 6 telecom company employees held
Updated On: 14 November, 2024 08:07 PM IST | Mumbai | Faizan Khan
The suspects were involved in illegally activating SIM cards without proper KYC documentation and selling them for commission to shop owners who then used them in fraudulent schemes, said an official
The accused in police custody. Pic/ Mumbai Police sources
The Mumbai Police has arrested eight people in connection with a fake investment stock market fraud who are suspected of supplying over 30,000 sim cards to foreigners and Indian nationals who are believed to be involved in the stock market fraud, an official said on Thursday.
The accused are dealers for major SIM card providers, he said.
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