Trio with 10th-grade education set up IT solutions firm; held for cyber fraud

Three youths with only a 10thgrade education allegedly cheated a Nagpur resident of Rs 5 lakh in an online fraud through an IT solutions company they established They were arrest from Mumbai reported PTI citing a police official on SundayThe arrested individuals have been identified as Atul Indrapati Singh 32 of Virar in Palghar Neeraj Shamkumar Choubey 26 of Nalasopara and Vikas Meghlal Saw 23 from Dahisar the Nagpur Cyber Police official saidAccording to the police the trio recently founded a company named Samarth IT Solutions and listed their contact details on Google said PTIIn May Atul Uike a resident of Nagpurrsquos Mahal area started facing issues with the PhonePe app an online payments app on his mobile device He searched for customer care contact information on Google and found the number listed by Samarth IT SolutionsFollowing the provided instructions Uike made a video call during which the fraudsters manipulated his settings promising that the app would start functioning by night reported PTI citing an officialOver the next two days a total of Rs 5 lakh was transferred from his account in three transactions of Rs 149 lakh Rs 199 lakh and another Rs 149 lakh Following the transactions Uike lodged a complaint with the cyber police which led to the arrest of the fraudsters the official saidMaharashtra Man loses Rs 46 lakh in investment fraud five booked in RaigadThe police have registered a case against five unidentified persons for allegedly cheating a man from Kharghar in Maharashtras Raigad district to the tune of over Rs 46 lakh by promising high returns on investment an official said on Saturday reported the PTIAccording to the PTI based on a complaint lodged by the 34yearold victim the police on Thursday registered an FIR against the five accused under Indian Penal Code IPC sections 406 criminal breach of trust 420 cheating 419 cheating by personation read with 34 common intention as well as relevant sections of the IT Act a Kharghar police station official saidThe police said that the victim works in a company at Bandra Kurla Complex BKC in Mumbai was contacted by the accused who are identified only by their mobile numbers between February 2024 and April 2024The accused lured him to participate in online trading assuring good returns They provided him with WhatsApp groups and various links on the promise of helping him with investments and trading During this period with the assistance of the fraudsters the victim spent Rs 4623 lakh in investments and trading After a few days when the victim checked his account he saw that he had earned good returns as per the PTIHowever his attempt to withdraw the investment and earnings failed after which he contacted the fraudsters who did not respond Realising that he had been cheated the victim lodged the complaint the official said adding the probe into the crime was underway