Delhi Police Recovers Crores in 'Fake CA' Share Trading Scam
Delhi Police recovered Rs 4.74 crore from Mukesh Garg, who allegedly defrauded Ashima Nayyar by posing as a CA and promising high returns through share trading. Nayyar, a sub-broker, transferred Rs 4.75 crore before suspecting fraud and lodging a complaint. The funds were traced and frozen across multiple accounts.
- Country:
- India
In a significant breakthrough, the Delhi Police have successfully traced and recovered a total of Rs 4.74 crore from a cunning fraudster who allegedly posed as a chartered accountant to deceive a woman investor.
The victim, Ashima Nayyar, a sub-broker and director, fell prey to Mukesh Garg's deceptive promises of high returns through share trading. Suspecting foul play after he went incommunicado, Nayyar turned to law enforcement for help.
Thanks to swift coordination between the police, banking officials, and the Indian Cyber Crime Coordination Centre, the majority of the funds were intercepted and frozen, averting major financial loss. The case underscores the critical importance of cybersecurity in an era of digital transactions.
(With inputs from agencies.)
ALSO READ
Cybercrime Ruse Unravels: Two Youths Arrested for Scamming Retiree
DoT welcomes RBI advisory mandating banks to integrate financial fraud risk indicator
Cybercrime Surge: Elderly in Uttar Pradesh Duped Under 'Digital Arrest'
RBI advises banks to integrate DoT's financial fraud technology
Misinformation Sparks: Mamata's Call for Action on Social Media & Cybercrime
Google News