Pimpri Chinchwad Cyber Police Bust Rs 71 Lakh Scam, Arrest 4 Accused Linked to Global Fraud Network
Pimpri-Chinchwad, 21st May 2025: In a swift and significant breakthrough, the Cyber Crime Branch of Pimpri-Chinchwad Police has arrested four individuals involved in a ₹71 lakh fraud conducted through a bogus share trading mobile application. The investigation, which stretched across three states, was completed within an impressive span of just four days.
The arrested accused have been identified as, Alfahad Arif Momin (27), resident of Milli Colony, Dharashiv, Ajay Patil alias Shivprasad Mallikarjun Khudase (39), resident of Latur, Surya alias Rahulsingh Nirmalsingh Karnavat, resident of Jhunjhunu, Rajasthan, and Premshankar Baldev Bairagi, resident of Bhilwara, Rajasthan.
According to police officials, the complainant was fraudulently added to an online group and enticed into investing in a fake trading platform, resulting in a staggering financial loss of ₹71 lakh. A formal complaint was lodged at the Cyber Police Station.
During the course of the investigation, police discovered suspicious transactions amounting to ₹50 lakh in a bank account registered under Momin’s name. He was promptly arrested in Dharashiv and revealed during interrogation that the account had been opened on instructions from Khudase, who was subsequently apprehended in Latur.
Further investigation led the police to Karnavat in Jaipur, Rajasthan, to whom Khudase had transferred control of the fraudulent bank account. Karnavat was taken into custody and confessed to orchestrating the scam in collaboration with Bairagi, who was also arrested in Jaipur.
Crucially, the police unearthed evidence linking Karnavat and Bairagi to operatives based in China, Cambodia, and Dubai, pointing to the involvement of a broader international cybercrime network.
Authorities further disclosed that the implicated bank account had processed transactions worth ₹3.25 crore over just two days, underscoring the scale and speed of the fraudulent operation.
The crackdown was executed under the guidance of Police Commissioner Vineet Kumar Chaube, with the investigation spearheaded by Police Inspector Ravikiran Nale, Assistant Inspector Pravin Swami, and officers Sagar Poman and Vidya Patil.
