Team Goemkarponn
PANAJI: The Cyber Crime Police in Goa have arrested a 50-year-old man, Neeraj Rai, from Madhya Pradesh for his alleged role in a cyber fraud amounting to over ₹2.44 crore.
According to officials, between November 25, 2024, and January 7, 2025, the complainant was duped by individuals pretending to be stock market experts on Facebook and WhatsApp. They convinced the victim to invest in fictitious online trading schemes, promising high returns.
Superintendent of Police (Cyber Crime) Rahul Gupta said the fraudsters manipulated the victim into transferring ₹2.44 crore through multiple transactions. Following a thorough investigation and financial trail analysis, Rai was identified as a key suspect.
A police team was dispatched to Narsinghpur, Madhya Pradesh, where Rai was apprehended. During questioning, he confessed to managing mule accounts and transferring ₹3 lakh from the defrauded amount to various other accounts.
Further scrutiny revealed that Rai’s bank account is linked to at least 40 other fraud cases across India. Authorities believe he is part of a larger network engaged in the circulation of cybercrime proceeds.
Rai has been remanded to five days in police custody. The investigation is ongoing under the guidance of PI Deepak Pednekar of the Cyber Crime Police Station, Goa.
