Staff Reporter
Panaji
Goa Cyber Crime police have arrested Neeraj Rai (50) from Madhya Pradesh for his alleged involvement in a large-scale cyber fraud amounting to over
Rs 2.44 crore.
Between November 25, 2024 and January 7, 2025, the complainant was contacted via Facebook and WhatsApp by unknown individuals posing as stock market trading experts.
Cyber Crime SP Rahul Gupta said that the fraudsters induced the complainant to invest in fake online stock market schemes with promises of high returns, thereby cheating him to the tune of Rs 2.44 crore through multiple bank transactions.
Based on investigation and financial analysis, a suspect was identified.
A police team proceeded to Narsinghpur, Madhya Pradesh, and arrested Rai.
During interrogation, it was revealed that the accused played a key role in managing mule bank accounts and was responsible for routing Rs 3,00,000 of the defrauded amount to various accounts.
His bank account is also found involved in 40 other cases across the country, said Gupta adding that he is believed to be a part of a larger network actively engaged in the circulation of fraudulent funds.
The accused has been remanded to five days of police custody. Further investigation is under way under the supervision of PI Deepak Pednekar, Cyber Crime Police Station, Goa.
