The Mumbai north cyber police arrested three miscreants who allegedly cheated a woman of Rs 31.07 lakh by promising her high returns on investments in share market trading. 

The woman had opened a demat account several years back but had stopped trading as she faced losses in the share market. In April 2021, she received a call from someone claiming to be an employee of A K Financial Services. He convinced her to start trading again by promising huge returns and also gave the reference of her younger brother to gain her confidence. “In total, the woman ended up investing Rs 31.07 lakh till March 2023,” said a police officer. During this period, the accused would send her screenshots of data reflecting the profits via WhatsApp.