2 held for 41L online share trading scam
Mumbai: The cyber police arrested two individuals in connection with a sophisticated online share trading scam linked to operatives based in Dubai that defrauded a Mumbai-based marketing professional of over Rs 41 lakh.
Interestingly, the fraudsters even deposited Rs 1.18 lakh as profits to build trust. The two arrested accused have been identified as Ganesh Sarode (46), a resident of Kalyan, and Satish Baban Kotalwar (39) from Wagle Estate, Thane.
Police said that Sarode opened the Swami Samarth Enterprises bank account and handed over the account welcome kit to Kotalwar in exchange for Rs 20,000 in cash. Kotalwar then forwarded the banking details to a suspected mastermind named Rana, currently residing in Dubai, through WhatsApp. — S Ahmed Ali
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