The Surat City Cyber Crime Cell apprehended a 30-year-old man for his involvement in an online investment scam that duped a victim of Rs 46.16 lakh. The fraudsters lured the complainant into a fake share market and forex trading scheme promising high returns through a WhatsApp group.
The victim was directed to a bogus website where an account was set up in his name, leading to transfers totaling Rs 46.16 lakh into various bank accounts for trading. However, the promised returns never materialized, prompting the victim to report the incident to the National Cyber Crime Helpline.
Following the complaint, an FIR was filed under relevant sections of the law, and investigations led to the arrest of Avinik Vaghasiya, who allegedly collaborated with others in withdrawing money obtained through the scam. Vaghasiya, residing in Surat, has a history of involvement in cyber fraud and criminal cases.
The police advised the public to report financial cyber fraud promptly and cautioned against downloading unknown applications, clicking on suspicious links, or engaging with social media groups promising unrealistic returns from online investments.
