PANAJI
Cyber Crime police have arrested a 39-year-old man from Ahmedabad, Ramesh Kumar Yadav, in a cryptocurrency trading scam worth around Rs 2.63 crore.
The arrest was made after a detailed investigation based on a complaint by a Tivim resident.
According to the Cyber Crime Superintendent of Police, the victim was cheated between 13 February and 19 March this year.
A woman, who introduced herself as Aliza, contacted the complainant and claimed to be an expert in cryptocurrency and commodities trading. She promised high returns and offered training and investment advice.
Trusting her, the complainant transferred large sums of money through multiple bank transactions, which together added up to around Rs 2.63 crore.
SP Gupta said that after analysing financial records, the police tracked down Yadav to Amraiwadi in Ahmedabad and arrested him. He had managed a mule bank account that received Rs 10 lakh from the cheated amount, and he is believed to have moved the money across various accounts.
Police suspect that Yadav is part of a larger cybercrime group involved in similar scams.
