Navi Mumbai police bust fake call centre in Rs 1 crore stock trading scam
Police have shut down a fake call centre in Mahape, Navi Mumbai, after uncovering a stock trading scam. The operation allegedly tricked investors into pouring money into false intraday and equity schemes. Two suspects are now in custody, while a third remains at large.
The fraud came to light when authorities raided the centre, where 22 employees were making calls and sending WhatsApp messages. They convinced victims to invest in share market schemes that promised high returns. Investigators found that at least Rs 1.02 crore had been swindled, though the full scale of the scam is still being determined.
A case has been filed under sections 318(4), 319(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS). So far, Shivam Vinodkumar Dubey and Sujit Masicharan Valmiki have been arrested, while Suraj Dubey is evading capture. Authorities are also examining bank accounts linked to the operation to trace the flow of defrauded funds. The investigation continues as more victims come forward. Police have not yet confirmed how many additional accounts were used to move the stolen money.
The bust exposes a network of fraudsters who exploited trust in stock market investments. With two arrests made and one suspect still missing, the probe aims to recover the stolen funds and identify all those involved. Further details on the total losses and additional victims are expected as the case progresses.
