Arrest Made in Cryptocurrency Trading Fraud Involving Rs. 2.63 Crores
Panji :- Cyber Crime Police Station, Goa, has successfully arrested an individual involved in a large-scale cyber fraud case amounting to Rs. 2,63,30,000/-. The case has been registered under Crime No. 09/2025 U/s 318(4), 319(2) r/w 3(5) of the Bharatiya Nyaya Sanhita (BNS) and Section 66-D of the Information Technology Act, based on a complaint filed by the complainant resident of Tivim, Bardez – Goa.
Between 13/02/2025 and 19/03/2025, the complainant was lured into a fraudulent cryptocurrency trading scheme after being contacted telephonically by an individual identifying herself as Aliza, who offered training and investment tips in cryptocurrency and commodities. Misled by false promises of high returns, the complainant was induced to invest substantial amounts through multiple bank transactions, resulting in a total loss of Rs. 2.63 crores.
During the investigation and financial analysis, the police identified a key suspect. A team led by PSI Sarvesh Sawant, assisted by PC Sidramayya Math and PC Yash Kole, under the supervision of PI Deepak Pednekar and SP Rahul Gupta, IPS, proceeded to Amraiwadi, Ahmedabad, and arrested one:
Name: Ramesh Kumar Yadav
Age: 39 years
Present Address: C/o Namdev Ramchandra Patil, 59 Shivaji Nagar, Near Modi Nagar, Amraiwadi, Ahmedabad – 26
Permanent Address: 769/1, Azad Nagar, Behind H.C.T.M Mill, Amraiwadi, Ahmedabad City, Gujarat – 380026
Upon interrogation, it was revealed that the accused played a crucial role in managing mule bank account and facilitated the routing of Rs. 10,00,000/- from the defrauded amount into various other accounts and he is suspected to be part of a larger cybercrime network engaged in financial frauds.
The accused is currently in police custody, and further investigation is in progress with PI Deepak Pednekar, Cyber Crime Police Station, Goa.
