In a major development in the fight against cyber fraud, the Mohali cyber crime police apprehended three fraudsters from Gujarat on Wednesday. They are accused of scamming numerous victims out of large sums across the tricity.
The suspects, traced back to Mehsana, Gujarat, had been operating a sophisticated cyber crime ring for three years, according to police reports. During the operation, authorities seized ₹21 lakh in cash, a Maruti Swift Dzire car, a scooter, a cash counting machine, and five mobile phones.
The individuals arrested have been identified as Piyush Kumar Patel, Neerajbhai H Patel, and Gohil Nikul Kumar, all from Mehsana. Their arrest followed a complaint from Gagandeep, a resident of Mohali, who reported losing ₹15 lakh after investing in the stock market through a fraudulent mobile app called “Fx road.”
At a press conference held on Thursday, Mohali Senior Superintendent of Police (SSP) Deepak Pareek and DSP Jatinder Chauhan explained that when the victim attempted to withdraw his funds, the app requested additional money.
“Upon expressing his inability to invest further, he was directed to provide ₹5 lakh in cash. The fraudsters then provided him the contact details of a local person who would be collecting the cash, leading to further investigation. Such fraudsters lure people by showing them growth in their profit, but eventually they are unable to encash the money,” the SSP said.
The police representative stated that the mobile phones seized from the suspects will be forwarded to the forensic lab to collect important evidence and to determine if they were engaged in any Hawala transactions. According to the police, the suspects were involved in defrauding and transferring around ₹70-80 lakh in cash each day from the tricity region.
“Their roles in the cyber fraud racket is being further investigated. Efforts are ongoing to trace and apprehend the main conspirators behind these fraudulent investment applications. Residents should remain vigilant against such scams and double check before investing,” the SSP added.
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