A shopkeeper from Kandivali was arrested by the Cyber police for being part of a cyber fraud gang that used his bank account to siphon off Rs 27.47 lakhs belonging to a senior citizen. The fraudster lured the victim into a WhatsApp group, claiming to be a SEBI-registered broker, and convinced him to invest his retirement funds. The victim and his son were added to the group, where they discussed investments and profits, and eventually invested the money. The victim realized he had been scammed when he visited the office of the supposed broker and discovered he was a fraudster. The police are searching for more individuals involved in the scam, including the mastermind operating outside the country.
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