PANAJI: The Goa Cyber Crime Police Station arrested a Maharashtrian youth for allegedly duping an Old Goa resident of Rs 38 lakh on the pretext of stock market investments.
A press statement issued by Superintendent of Police (Cyber Crime) Rahul Gupta states that 23-year-old Rutik Nikam was traced after a financial trail investigation revealed that Rs 2 lakh from the complainant’s funds had been deposited into his bank account.
“Nikam’s account was also linked to 22 other cyber fraud cases reported across India, with total losses amounting to Rs 11.5 crore,” Gupta said.
The case details reveal the victim was lured into investing via the “FYERS Trading App” after being added to a WhatsApp group named “R1 Group.” Promised high returns, the victim transferred funds to nine different bank accounts before realizing the scam.
The SP stated more suspects are yet to be traced in the ongoing probe.
Goa police have further urged citizens to exercise caution while investing online and to report suspicious activities to the Cyber Crime Police Station.
