Navi Mumbai Cyber Fraud: Habitual Fraudster Accused Of Cheating Retired Civil Engineer In Fake Gold Trading Scam, Arrested

Navi Mumbai: Cyber police arrested a habitual cyber fraudster , who cheated a civil engineer of Rs 4 crore and Rs 23,000 by luring him with promises of high returns on gold trading investments. Further investigation revealed that accused has a past crime records related to cybercrime across 17 states in India. Accused identified as Kalpesh Kamalakar Shitap got arrested after technical investigation in Chandanwadi area in Thane on January 28, 2026. 

As reported by FPJ, victim is a 68-year-old civil engineer residing in Nerul was approached by cyber gang. Fraudster offered a lucrative profits from gold trading. The gang influenced him and asked victim to transfer money to multiple accounts.  Between February and November 2025, the victim invested Rs 4 crore and Rs 23,000, expecting significant returns. After realising that he has been cheated man approached  Cyber Police Station and lodged a complaint. 

On the basis of  bank accounts and mobile numbers used in the fraud cyber police traced the accused location. Further interrogation revealed that the accused, along with his associates, had opened fake bank accounts in various banks to divert the defrauded money.

Also Read: Navi Mumbai Cyber Fraud: Senior Citizen Duped of Rs 4 Crore by Fraudster Posing as a Cop

Police investigations revealed the suspect's involvement in cyber fraud cases across 17 states. According to Senior Police Inspector Vishal Patil, the accused received a commission for transferring fraudulent funds into his account and also worked as a real estate agent. Authorities are continuing their investigation to identify remaining gang members and determine the full extent of the scheme's victims.