Man held for cheating Kharghar woman of Rs 1.03 crore in crypto currency investment scam | Mumbai News

NAVI MUMBAI: The Panvel Cyber Cell team has detected a crypto currency investment scam by arresting the fraudster who had duped a Kharghar homemaker of Rs 1.03 crore. The accused was nabbed from Mumbra, Thane on Wed.Dipali Patil,SI of Panvel Cyber Cell informed that the arrested accused has been identified as Zubair Shamshad Khan, residing at Vijayanagar, Jarimari, Andheri. In May, the complainant woman aged 53 years had registered an FIR of cheating at Kharghar police station alleging that she has been duped of Rs 78.82 lakhs by a fraudster who made her to invest in crypto currency by assuring high returns. The case was transferred to Panvel cyber cell. She stated that in the year 2020, the accused had posted on his Facebook page offering to invest in crypto currency with guaranteed high returns. Hence, she contacted him on his WhatsApp number provided in the Facebook post. The accused claimed that he was operating from Dubai.When the complainant asked him to send his photograph, he sent a photo of some other person. Initially, the complainant invested a small amount in crypto currency. The accused used to send her images on whatsApp about the details of her profit for her invested amount. To gain her trust, he even transferred Rs 3.50 lakhs to her bank account claiming that it was the profit from her investment in crypto currency. As the woman gradually invested a total Rs 78.82 lakhs, the accused used to send her images of her profit details.Inspector Patil said, “As the accused stopped providing her information on WhatsApp about her profit details, she registered an FIR at Kharghar police station in May. Initially, a cheating case of Rs 78.82 lakhs was registered at Kharghar police station as the complainant was able to provide banking transactions of the said amount and she claimed that she did not remember how much more amount she had invested. During the probe, when her banking transaction details were obtained, it was found that she had invested Rs 1.03 crores in the cryptocurrency scheme. Even the accused Zubair Khan has confirmed the said amount. Khan’s IP address was obtained from his Facebook account. Even his mobile tower location was kept under surveillance and he was traced to Mumbra from where he was apprehended after laying a trap on Wed.”