Team Goemkarponn
PANAJI: The Cyber Crime Police Station, Goa, has arrested a Mumbai resident for his alleged involvement in a major online investment fraud that duped a Margao resident of ₹1.52 crore.
According to the police, a case was registered on September 26 under Crime No. 36/2025 for offences under Sections 318(4), 319(2) read with 3(5) of the Bharatiya Nyaya Sanhita, 2023, and Section 66D of the Information Technology Act.
The complainant reported that multiple individuals operating through international mobile and WhatsApp numbers lured him into investing in an online platform promising high returns. When he attempted to withdraw his funds, the fraudsters allegedly demanded additional payments under various pretexts.
Following an intensive probe and detailed financial analysis, investigators identified and arrested Ronnie Philip Sequeira (65), a resident of IC Colony, Borivali (West), Mumbai. Police said Sequeira had received ₹35 lakh of the defrauded amount in his bank account.
A team led by PSI Anil Polekar, assisted by HC Anay Naik and PC Sidramayya Math, carried out the arrest under the supervision of SP Rahul Gupta, IPS, ASP B.V. Shridevi, IPS, and PI Deepak Pednekar of the Cyber Crime Police Station, Goa.
Preliminary investigation suggests that the accused, along with his wife, may be involved in similar frauds in at least two other states.
Sequeira was produced before the court and remanded to police custody. Further investigation is in progress under the supervision of PI Deepak Pednekar.
