Navi Mumbai police nab man for duping investor of Rs 1.23 cr

PTI, Jul 13, 2024, 5:03 PM IST

The Navi Mumbai police have arrested a man from Dubai who allegedly cheated a person of Rs 1.23 crore by luring him to invest in share trading, an official said on Saturday.

The Cyber Crime Unit of the Navi Mumbai police had issued a lookout notice for the accused, and he was apprehended at Surat Airport on June 26 when he arrived from Dubai, the official said.

The accused, Kaushikkumar Kalyanbhai Italia (34), had lured the complainant to invest in share trading and allegedly duped him of Rs 1.23 crore in August last year, senior inspector Gajanan Kadam said.

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