Three people have been detained by the South Cybercrime Branch for allegedly helping cyber fraudsters who cheated a 59-year-old retired man from South Mumbai of nearly INR 7 crore through a fake online share trading scheme.
The detained accused have been identified as Dayanand Suresh Kolekar, 31, Dhananjay Sagvekar, 36, and Sukrut Bhosale, 33. Sagvekar is a resident of Jogeshwari, while Kolekar and Bhosale live in Bandar Pakhadi in Kandivli (West).
According to the police, the victim was persuaded to invest large amounts of money in an online share trading platform. During the investment period, he saw information on the website showing that his investments and profits had allegedly grown to INR 149 crore. Believing the figures displayed on the platform, he continued transferring money.
As per reports, the complainant carried out 48 transactions between April 11 and May 27. During this period, he transferred a total of INR 6.81 crore to different bank accounts provided by the accused persons. The victim transferred INR 15 lakh from one private bank account and INR 35 lakh from another private bank account after he was promised returns from share market investments.
A First Information Report was registered on May 28. The case names ten accused persons. They have been booked for cheating, forgery and identity theft under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.
During the investigation, police traced INR 76 lakh of the defrauded money to accounts linked to the accused. Officials obtained banking details and found that one account receiving the money belonged to M/s Aluvanta Traders Pvt Ltd, a company registered in Borivli.
Kolekar and Sagvekar were listed as directors of the company. Investigators further discovered that another INR 26 lakh had been transferred to a separate account that was also registered in the name of the same company and had the same directors.
Based on banking records, the cybercrime team detained the accused. Investigators alleged that Bhosale helped Kolekar and Sagvekar made the companies that were used in the transactions. Police later raided the company’s registered address, but they were locked. It was later found that the accused had fled to Rajasthan.
According to the police, the wanted suspects are linked to around 15 cases. The investigation is being conducted by the South Cybercrime Branch.
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