Team Goemkarponn
PANAJI: Goa Cyber Crime Police have arrested a 47-year-old man from Ulhasnagar in Thane district of Maharashtra in connection with an alleged online investment fraud amounting to ₹27.54 lakh. The police have also frozen and secured ₹12,61,330.01 linked to the fraud for possible restoration to the victim.
The case was registered at the Cyber Crime Police Station under Crime No. 91/2026, under Sections 318(4), 319(2) read with Section 3(5) of the Bharatiya Nyaya Sanhita (BNS) and Section 66-D of the Information Technology Act, following a complaint filed by Joaquim Colin, who was allegedly cheated through a fraudulent online investment scheme.
During the investigation, police traced the financial transactions and identified the accused as Ramesh Rajaram Varude, 47, a resident of Ulhasnagar, Thane, Maharashtra. According to the police, the accused was a beneficiary of ₹8 lakh from the fraudulent transactions.
Acting on crucial investigative leads, a dedicated team of Goa Cyber Crime Police travelled to Maharashtra, traced the accused and arrested him on October 27. He was subsequently brought to Goa for further investigation.
In a significant development in the case, the police successfully froze and secured ₹12,61,330.01 connected to the fraud, paving the way for the possible restoration of the amount to the victim.
The operation was carried out by a team comprising PI Sujay Korgaonkar, PSI Khushali Naik, Head Constables Viraj Narvekar and Karol Sheikh, and Police Constable Laxman Chari.
The investigation is being conducted under the supervision of SP Cyber Crime Jivba Dalvi and ASP Cyber Crime Shridevi B. V., with guidance from DIG Goa Ved Prakash Surya, IPS.
