Mumbai Cyber Cell Busts Gujarat-Based Gang For Duping Retired ONGC Officer Of ₹60.26 Lakh In Online Share Market Scam; 4 Arrested

Mumbai: The Cyber Cell of DB Marg Police Station has arrested four accused from Gujarat for allegedly defrauding a 74-year-old retired ONGC officer of Rs 60.26 lakh under the pretext of investing in the share market through a fake trading app.

The case was registered under BNS Sections 318(4), 319(2) along with Sections 66(C) and 66(D) of the Information Technology Act. In April 2024, the complainant, a senior citizen and retired ONGC employee, was contacted on WhatsApp by the accused, who promised high returns through various investment schemes in the share market. Once the complainant agreed, he was sent a link via WhatsApp and asked to invest by transferring funds to multiple bank accounts.

Believing the scheme to be genuine, the victim transferred a total of Rs.60 Lakhs 26,125 via online transactions. However, no updates on investments were provided, and neither was the amount returned. Realizing he had been duped, the victim approached the police.

During the investigation, it was discovered that Rs.18.24 lakh from the defrauded amount was transferred to several other bank accounts. Based on technical analysis and account tracking, a team from DB Marg police arrested the Four accused from Gir Somnath and Surat in Gujarat arrested identified as Javedbhai Mohammadbhai Sumara (40), Resident of Kajli village, Veraval, Gir Somnath, Jignesh Mohanbhai Kalsariya (27) – Resident of Sanosari village, Girgadhada, Gir Somnath, Mahadev Jasubhai Ghedia (30) – Resident of Shantivihar Society, Parvat Patiya, Surat, Ravi Ramjibhai Ajagiya (36) – Resident of Shivdarshan Society, Katargam, Surat.

The police have seized 4 mobile phones, 7 SIM cards, and data from 12 bank accounts used in the fraud. The accused have been remanded to police custody till July 17, 2025. Further investigation is underway to uncover the larger network and trace the siphoned funds.