PANAJI
Cyber Crime Police have arrested a man in an investment and trading fraud of about Rs 4.23 crore, following a complaint from a Corlim resident.
Case registered May 18 after complainant alleged accused and associates posed as representatives of “CitadelSecurity” trading platform and induced investment via fraudulent mobile app “Citadel Security”, promising high IPO and stock market returns. Victim transferred Rs 4,23,94,163 over time.
Police said accused used multiple mobile numbers as part of organised network.
Technical and financial probe traced suspect to Kozhikode, Kerala, leading to arrest of Rejas Ali P P. Investigation found about Rs 27 lakh first credited to accused account, then routed through multiple linked accounts. Account linked to two other cyber fraud cases in Karnataka and Uttar Pradesh involving total fraud of about Rs 4.21 crore.
Accused produced before court and remanded to police custody till further investigation continues on.
