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Updated on: Monday, June 24, 2019, 11:13 AM IST

Thane: Bogus company dupes agent of Rs 9 lakh, one held

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Bhayandar: The Bhayandar police on Sunday arrested an employee of a bogus e-wallet company for his suspected involvement in a financial fraud carried out by the firm under the pretext of online money transfer services. However, the kingpin of the racket and three others are still at large.

The action was taken after a small-time trader who runs a utility payment kiosk in Ganesh Deval Nagar area of Bhayandar (west) registered a complaint against the fraudsters who had cheated him to the tune of Rs 9 lakh on the virtue of rendering online fund transfer services from their trading portal.

Based on the complaint, police arrested collection agent of the firm identified as Kedar Kadam and are on the lookout of four others including the kingpin for their involvement in the scam whose magnitude is feared to be much higher.

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It is alleged that the gang would float fly-by-night firms and to establish trust of their potential targets would operate normally for a few months and later disappear with a huge amount of accumulated cash. A team comprising PSI Sagar Chavhan and personnel Ankush Sawant is carrying out further investigations into the case.

While a case under the relevant sections of the IPC has been registered in this context, the accused has been remanded to custody till May 8.

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Published on: Monday, May 08, 2017, 03:32 AM IST
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