A major case of financial fraud has come to light wherein unsuspecting investors were allegedly duped to the tune of Rs 5,39,60,000 through a fraudulent share market investment group named 'Golden Bridge Investment'. The accused lured victims by promising high returns on stock market investments, leading them to invest substantial sums of money.
According to Mumbai Cyber Police sources, an amount of ₹5 lakh from the defrauded sum was traced to a Yes Bank account registered under the name M/S Maxmore Payment Digitech Pvt Ltd C. Further investigation revealed that the account holder is Mohammad Kalim Akbar Ali Khan, a 29-year-old resident of Sakinaka, Mumbai.
During interrogation, it was established that Mohammad Kalim personally received and handled the defrauded money. Following this revelation, the police arrested him in connection with the crime. It has also been found that the said bank account has been involved in as many as 51 complaints, where it was identified 7 times at Layer 1 and 31 times at Layer 2 in financial crime networks. Additionally, the same account has links to cases registered at North Cyber and East Cyber Police Stations, where it was detected at Layer 2.
The accused, Mohammad Kalim, has been taken into police custody for further investigation. Police officials confirmed that all legal protocols were meticulously followed during the arrest, including providing the accused with a written explanation for his detention. The authorities are now conducting a detailed inquiry to uncover the full extent of the scam and identify other individuals potentially involved in the fraud.