Navi Mumbai Cyber Police Cracks ₹14.89 Crore Fraud Case; Arrest 30-Year-Old Man For Defrauding Kharghar Builder In 'Share Market Scam'

Navi Mumbai: A major cyber fraud case, involving a builder from Kharghar being duped of Rs 14.89 crores under the guise of share trading, has been cracked by the Navi Mumbai Cyber Police. The accused, Sujitkumar Madankumar Singh, aged 30, was arrested from Khagaria district in Bihar after an extensive investigation.

The fraud was reported between January 16, 2024, and August 8, 2024, when the accused and his accomplices conspired to deceive the builder by promising substantial profits in share trading. By gaining the victim's trust and offering lucrative returns, they convinced him to transfer Rs 14.89 into various bank accounts. A case was subsequently registered at the Cyber Police Station, Navi Mumbai.

During the investigation, technical analysis of the mobile numbers used in the fraud revealed that the accused was based in Khagaria, Bihar. Acting on this information, a team from the Cyber Police traveled to Bihar, located the accused, and detained him. Interrogation revealed that Sujitkumar Singh had been directly involved in the crime. He was arrested on January 11 and has since been remanded to five days of police custody for further investigation.

Further revelations from the investigation indicated that Singh had travelled to Cambodia twice—between June 2023 and January 2024, and again between February and June 2024. While in Cambodia, he worked in a call center operated by Chinese nationals and engaged in cyber fraud schemes targeting Indian citizens.

“He was found to have procured Indian SIM cards, which were supplied to his accomplices in Cambodia, and maintained contact with Chinese nationals through Telegram groups. Preliminary investigations have also uncovered his links with other individuals in India who may have been involved in similar crimes,” police inspector Gajanan Kadam from Cyber police station in Navi Mumbai, said.