Thursday, February 22, 2024

    Pune Police Arrests Fraudster from Gujarat for Defrauding Elderly Citizen in Stock Market Investment Scam


    Pune, 24th June 2023: A recent case of fraud involving stock market investments has brought to light the operations of fraudulent gangs in Gujarat, targeting victims across the country. In connection with a fraud amounting to Rs 23 lakhs, a man from Mehsana district in Gujarat has been apprehended by the police.

    The arrested individual has been identified as Naveen Praveenbhai Chauhan, a 22-year-old resident of Gorisana district, Kheralu, Gujarat. Further investigations have revealed the presence of active fraud gangs in various Gujarat villages, including Vadnagar, Sipur, Shahapur, Shahapur Wad, Khanpur, and Chhablia, who lure victims with deceptive offers related to stock market investments.

    The victim in this case is a senior citizen residing in Vadgaon Sheri, who fell victim to a cyber thief promising substantial returns through stock market investments. However, the thief failed to return the money, prompting the senior citizen to file a complaint with the police.

    During the course of the investigation, it was discovered that the accused, Naveen Chauhan, was located in Gujarat. Consequently, a team comprising Police Sub-Inspector Rameshwar Revale, Constable Bharat Ukeerde, Constable Santosh Shinde, and other members of the Cyber Squad from Chandannagar Police Station traveled to Gujarat for further inquiries. Chauhan was successfully apprehended by the police, taken into custody, and presented in the Shivajinagar court, as ordered by the court, granting police custody.

    The investigation has also revealed the involvement of individuals from Jamtara in Jharkhand and Gurugothdi village in Rajasthan in cheating citizens across the country, while Gujarat-based individuals have been engaged in cybercrimes. The arrested individual, Naveen Chauhan, has confessed to defrauding numerous individuals through online trading scams. It has been found that the fraudsters in Gujarat entice their victims with false promises of lucrative stock market investments.

    Senior Police Inspector Rajendra Landge of Chandannagar Police Station stated that the investigation has further uncovered the purchase of expensive goods and vehicles using the fraudulently obtained funds.

    Neha Raj
    Neha uses his broad range of knowledge to help explain the latest gadgets and if they’re a must-buy or a fad fueled by hype. Though her specialty is writing about everything going on in the world of virtual reality and augmented reality.



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