Cyber fraudster arrested for duping Rs 1.24 crore in share market scam

Navi Mumbai cyber police have arrested a cyber fraudster from Surat international airport, Gujarat after he returned from Dubai on June 26 in the FIR registered against him in August last year wherein he had duped a contractor in Navi Mumbai of Rs 1.24 crores in the share market scam.

ACP (crime) Ajay Landge informed that the arrested accused has been identified as Kaushik Kumar Italiya, who resides in Surat. He had committed cyber fraud by operating from Dubai."

Gajanan Kadam, senior inspector of cyber police station said, "In August last year, a contractor in Navi Mumbai had registered an FIR alleging that he has been duped by a cyber fraudster of Rs 1.24 crore after offering him huge returns for investment in share market. We obtained the details of the bank accounts where the complainant was made to transfer his investment amount and obtained the accused name and address in Surat. Our team reached Surat when we learnt that the accused Italiya and his three aides had gone to Dubai and they had withdrawn the money from there. Hence, a Look Out Circular (LOC) of Italiya was obtained. On June 26, the Immigration department at Surat international airport alerted us about his arrival by flight from Dubai to Surat. Accordingly, our team reached Surat international airport, where the immigration department officials had detained Italiya and handed over his custody to us."

ACP Landge said, "With the arrest of Italiya, we have detected seven cyber crimes including two cases each in Navi Mumbai, Mumbai and Pune and one case in Thane police commissionerate. The police investigation has revealed that the arrested accused Italiya is involved in 60 cyber crime cases registered in different states across India. Out of the Rs 1.24 crores that the complainant was duped, the cyber police had freezed around Rs 43.31 lakhs in the bank accounts of the accused Italiya, where he had made the complainant to transfer the amount for investment in share market."

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