Cyber police have so far seized an amount of Rs 2.20 crore, police said (Representational)
Mumbai:
The owner of a textile unit has been arrested after a 73-year-old Mumbai businessman fell victim to an online investment fraud and lost Rs 3.61 crore, police said on Wednesday.
An official said that the cyber police has so far frozen an amount of Rs 2.20 crore and 330 bank accounts.
The official said the alleged transactions took place between May 20 and October 7 last year, when the businessman was contacted online by three people, including two women, who lured him to invest in a scheme by promising huge returns.
“They also created a WhatsApp group, entered into an online agreement with the businessman and sent it to his email ID. The agreement mentioning returns on investment was shared in the group to gain the businessman’s trust,” he said.
The victim invested Rs 3.61 crore. When he did not get any returns on his investment, he contacted the West Zone Cyber Police Station in Bandra Kurla Complex (BKC) and lodged a complaint.
During the investigation, the name of textile unit owner Ketab Ali Kabil Biswas came up and he was arrested on Monday on charges of cheating and forgery under the Indian Penal Code and Information Technology Act.
“During the investigation, the cyber police froze Rs 2.20 crore sent to two bank accounts. Prima facie, 330 bank accounts used by the fraudsters have also been frozen,” the officer said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
