Team Goemkarponn
PANAJI: The Cyber Crime Police Station, Goa, has arrested a 25-year-old man from Thane, Maharashtra, in connection with an alleged online trading fraud amounting to ₹2,09,78,612.
According to police, the case was registered on May 8, 2026, under Crime No. 56/2026 based on a complaint filed by a resident of Margao. The offence has been booked under Sections 318(4), 319(2) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) and Section 66-D of the Information Technology Act.
Police said the accused and his associates allegedly contacted the complainant through multiple WhatsApp numbers while posing as representatives of the Angel One trading platform. The complainant was reportedly introduced to a fake trading application named “Trendlytic”, which promised high returns through share market investments.
Believing the claims, the complainant registered on the platform and began investing. The fraudsters allegedly guided him through fake trading activities and convinced him to transfer large sums of money over multiple transactions into different bank accounts, causing a total loss of over ₹2.09 crore.
Following a detailed technical investigation, a police team led by PSI Sherwin Dacosta along with PC Yash Kole and PC Sataram Narse traced a suspect to Thane district in Maharashtra. The team arrested Mayur Waghe, a resident of Nallasopara, Vasai.
During the investigation, police found that ₹26 lakh had been credited into the accused’s bank account before being routed to several other accounts linked to associates. Further analysis reportedly revealed that the same bank account was connected to 12 other cyber fraud cases registered in Karnataka, Maharashtra, Gujarat and Goa, involving a cumulative fraud amount of around ₹2.10 crore.
The accused was produced before the court for police custody, while further investigation is being carried out by LPI Anushka Pai Bir under the supervision of ASP B.V. Sridevi and SP Cyber Crime Raju Raut Desai.
