Two people from Pune have been arrested by the Cyber Police of the Mumbai Police who’ve allegedly cheated a number of victims by luring them into making investments within the inventory market. Police have managed to freeze Rs 1.4 crores which they’d ‘earned’ by means of the technique of fraud.
The detection was made by the Western Area Cyber Police and the 2 accused are recognized as Vikas Neminath Chavan, 43, and Pradeep Krishna Lad, 32 – each residents of Pune.
In accordance with police officers, each had been concerned in a inventory market on-line fraud, the place they lured victims into making income by investing within the inventory market. Police officers added that to make themselves look real, the duo created a web site and a cell software.
The matter first surfaced when a person (complainant) approached the police concerning the alleged fraud of Rs. 80 lakhs. By the investigation, the account to which the complainant transferred the cash was traced and the cops reached the accused.
It additional revealed that no less than 159 financial institution accounts had been discovered by means of which the duo acquired the cash from the rip-off. A complete of Rs. 1.40 crores had been discovered within the account, and all of it was frozen by the police officers by means of contacting the respective banks. The officers concerned within the investigation are PO Deputy Chief Ajay Patil, Deputy Police Chief Deepak Taide, Police Constables Deepak Padalkar and Vijay Jadhav.