Cyber Crime Police of CCS, Detective Department have arrested three accused, who cheated the victim by impersonating themselves as trading advisors from Aveshta Study Group-W in guise of huge returns with forged electronic documents.

On June 30, police received a complaint that the group of fraudsters with the help of several bank accounts, as per their well-orchestrated plan, impersonated themselves as organizers of reputed companies with lucrative returns on the investments, cheated him to a tune of Rs 44.4 lakh.

Arrested persons identified as Milind Manohar Narkar (34), resident of Santacruz (E) in Mumbai, Ranak Jagadish Patel (31), resident of Thane in Maharashtra and Salik Imtiyaz Ahmed Siddiqui (25), resident of Mumbra in Maharashtra.  

Police also seized three mobile phones from the offenders in this case. The accused individuals colluded and devised a scheme to illicitly gain money under the guise of offering trading advisory services. The arrested accused were found to be working for the cyber fraudster who is operating from Dubai by facilitating and accessing currency bank accounts on commission basis, said police.