Navi Mumbai Police Bust Fake Share Market Call Centre in Mahape
In a swift operation, Navi Mumbai police dismantled a fraudulent call centre operating in Mahape, exposing a sophisticated scam that duped investors of over ₹1 crore through bogus share market investment promises.
The raid, carried out on March 12 by the cyber police and financial intelligence units based on credible intelligence, targeted a setup masquerading as a legitimate share market research firm. Authorities discovered 22 young employees—men and women—actively engaging with unsuspecting individuals via WhatsApp messages and phone calls from computer systems.
The modus operandi was straightforward yet deceptive: operatives reached out to potential victims, touting lucrative opportunities in intraday and equity trading with assurances of substantial profits. Recovered chat logs showed how they lured people with visions of enhanced returns, ultimately persuading them to send money to designated bank accounts.
Initial probes indicate the racket siphoned off at least ₹1.02 crore from victims, who were directed to transfer funds through payment links to the company’s primary account and as many as 18 linked bank accounts. Cross-checks on the National Cyber Crime Reporting Portal revealed at least five related complaints lodged from various parts of India.
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Two suspects were taken into custody: Shivam Vinodkumar Dubey (29) and Sujit Masicharan Warimiki (30), both hailing from Thane district. Their specific roles remain under scrutiny, while a third individual is on the run, with police actively pursuing leads to apprehend him.
A formal case has been lodged at the Cyber Police Station under pertinent provisions of the Bharatiya Nyaya Sanhita. Ongoing investigations aim to uncover additional connections and curb similar fraudulent operations.
The operation, reported by mid-day (with PTI inputs), underscores law enforcement’s ongoing efforts to combat cyber-enabled investment frauds and protect citizens from deceptive financial schemes.