Retired Teacher Loses Rs 23L in Share Trading Scam; Youth Arrested | Mumbai News

Teacher duped of 23L in share trading scam, youth arrested

Mumbai: A 25-year-old resident from Mira Road was arrested by the north cyber police on Friday for allegedly providing his bank account to cyber criminals who defrauded a retired teacher of Rs 23 lakh. The cyber police said that the 54-year-old teacher, residing in Malad, discovered a share trading application whilst browsing a search engine. She encountered an individual named Ankur Kedia, who included her in a WhatsApp group where participants discussed share investments and their profits.From May 12 to July 4, the group administrator convinced her to invest Rs 23 lakh, promising substantial returns. Despite initially seeing profits, she was unable to withdraw funds from the account. When the administrator requested additional investments, she grew suspicious and declined. Upon demanding her initial investment back, she was removed from the group and her messages went unanswered. Subsequently, she approached the cyber police to file a complaint against the unknown perpetrators. The authorities registered a case under the Information Technology act and began investigating the bank account where the victim had transferred the funds. tnn


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