Mumbai stock investor, wife lose Rs 58 crore in ‘digital arrest’ fraud; 3 mule account holders arrested

The accused allegedly told he complainant that there was some illegal money in his bank account and that they were placing him under ‘digital arrest’. The accused also sent some documents to prove that they were genuine officers, said the police.

The accused allegedly requested the complainant and his wife to transfer funds to their account to verify the authenticity of the money, assuring them it would be returned after verification.

Between August 19 and October 8, the complainant and his wife transferred Rs 58.13 crore through RTGS to various bank accounts provided by the accused.

The police found that the money was transferred to 18 bank accounts across Maharashtra and other states. After the cyber police were alerted about the scam, they began investigating the matter and examined the details of the various bank accounts where the money had been transferred.

The police then identified and arrested the three mule account holders who had provided their accounts. They have been identified as Abdul Khulli, 47, from Malad; Arjun Kadwasara, 55, from Chira Bazaar; and his brother Jetharam, 35, from Mumbai Central.

The cyber police are currently interrogating the arrested men to get details about the main accused who carried out the scam.