Maharashtra Cyber Fraud: 45-Year-Old Man Arrested For Duping Goa Resident Of ₹2.45 Crore In Stock Market Scam
One person from Maharashtra was held for allegedly duping a Goa resident of Rs 2.45 crore after promising high returns on stock market investments, a police official said here on Monday. The cyber crime police station official identified the accused as Sanjay M Chavan (45).
Accused Sanjay M Chavan arrested by Goa Cyber Cell for duping Salcete resident of ₹2.45 crore via fake stock market scheme | Representative Image
Panaji, Jul 7: One person from Maharashtra was held for allegedly duping a Goa resident of Rs 2.45 crore after promising high returns on stock market investments, a police official said here on Monday. The cyber crime police station official identified the accused as Sanjay M Chavan (45).
"The accused posed as a stock broker and lured a Salcete resident to join a Whatsapp group and invest Rs 2.45 crore over a period of time after promising high returns. The probe into the financial trail led us to Chavan, who was arrested on July 6. A sum of Rs 13.5 lakh had been deposited in his account," he said.
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A case was registered under Bharatiya Nyaya Sanhita and Information Technology Act, the official said, adding a probe was underway to find if more persons are involved in the racket.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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