NAVI MUMBAI– Navi Mumbai police have dismantled a sophisticated cyber fraud operation, apprehending two individuals from Rajasthan in connection with two major cases totaling Rs 3 crore. The syndicate allegedly lured victims with promises of lucrative online stock market returns, utilizing forged documents and fake applications to deceive them.
The Elaborate Scheme Unveiled
Investigators revealed that the fraudsters employed a cunning strategy, posing as representatives of legitimate financial institutions. Their modus operandi involved enticing victims with the allure of high profits from online share trading. To lend an air of authenticity to their deceit, the perpetrators meticulously crafted and deployed forged documents and fraudulent mobile applications, ensnaring unsuspecting individuals in their web of lies.
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Victims Speak Out: A Tale of Significant Losses
The impact of this scam has been substantial, with two cases highlighting the severity of the financial losses incurred by the victims. In one instance, a man was defrauded of a staggering ₹2.21 crore. In a separate but similarly executed scheme, a woman fell victim to the same syndicate, losing ₹78.63 lakhs.
The Breakthrough: Tracing the Digital Footprint
The Navi Mumbai police initiated a rigorous investigation, meticulously tracking the digital breadcrumbs left by the fraudsters. Their efforts bore fruit as they successfully traced the accused through detailed analyses of their bank account transactions and mobile tower locations. This painstaking detective work led to the identification and apprehension of the two gang members in Rajasthan, marking a significant victory against cybercrime.
Recovery Efforts Underway: A Glimmer of Hope
Following the arrests, law enforcement moved swiftly to mitigate the financial damage. Authorities have successfully frozen ₹46 lakhs linked to the fraudulent activities, offering a ray of hope for the victims. The ongoing investigation aims to recover more of the illicitly gained funds and bring all perpetrators to justice, sending a strong message to those who prey on innocent individuals through cyber fraud.