Team Goemkarponn
PANAJI: The arrest of Noman Tamboli and Abhay Dandage, two Maharashtra locals, by the Cyber Crime Cell exposed a stock trading scam. The young people, who are supposedly in their early 20s, are accused of tricking a victim out of Rs 11.60 lakh by convincing him to move money into different bank accounts in exchange for the promise of enormous investment returns.
Superintendent of Police (Cyber Crime) Rahul Gupta revealed the scammers’ methods during a news conference on Thursday. He also advised the public to exercise caution when interacting with the stock market on social media.
The victim-complainant was approached by the accused through social media and WhatsApp, he claimed, and was persuaded to trade on the stock market through “A 703 Upsurge Club” and the WhatsApp group “Bulk AiD han Pro.”
The SP provided an explanation of the investigative process, stating that they were able to link an account belonging to Jalna, Maharashtra resident Aadesh Parcha, to the loss of Rs 4.90 lakh.
When Paracha disclosed that Abhay Dandage had requested that he use his bank account to receive the money, he was tracked down and called in for questioning. After that, it was taken out right away and sent to Dandage, who received a commission of Rs 1,000 for each transaction, the man stated.
