Achi news desk-
Two persons from Pune have been arrested by Mumbai police’s cyber squad who allegedly duped many victims by luring them to make investments in the stock market. The police managed to freeze 1.4 crores that she “earned” through fraudulent means.
The discovery was made by the Western Zone Cyber ​​Police and the two accused have been identified as Vikas Naminath Chavan, 43, and Pradeep Krishna Lad, 32 – both residents of Pune.
According to police officials, both were involved in an online stock market scam in which victims were lured into making profits by investing in the stock market. Police officials added that to make themselves look real, the duo created a website and a mobile app.
The matter first arose when a person (complainant) approached the police about an alleged fraud of Rs. 80 lacs. Through the investigation, she traced the account to which the complainant transferred the money and the police arrived at the accused.
It also emerged that at least 159 bank accounts were found through which the duo received the money from the scam. A total of Rs. 1.40 crores were found in the account, and all of this was frozen by the police officials by contacting the appropriate banks. The officials involved in the investigation are Deputy Superintendent of Police Ajay Patil, Deputy Superintendent of Police Deepak Teide, Constables Deepak Padalkar and Vijay Jadhav.
