Mumbai, July 4 (IANS) The Cyber Crime Branch of the Mumbai Police has busted an organised cyber fraud syndicate allegedly involved in cheating investors of more than Rs 1.07 crore through fake online share trading schemes. As part of the operation, police arrested six individuals accused of orchestrating the fraud by luring victims with bogus investment opportunities, officials said.According to the Cyber Police, the accused allegedly carried out the fraud by operating through WhatsApp groups, f…
Latest Investment Scam News & Updates
Ahmedabad, Jan 2 (IANS) The Directorate of Enforcement (ED), Ahmedabad Zonal Office, has made a major seizure in connection with a fraudulent stock market investment scam that targeted common investors. Acting under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the ED recovered proceeds of crime worth several crores from the accused, Himanshu alias Pintu Bhavsar, and others.During the search and seizure operations, the ED recovered silver bullion weighing 110 kg valued a…