In Maharashtra, the police have busted a massive international online forex and gold trading fraud racket involving more than 200 crore rupees. Addressing a press conference today, Mira Bhayander-Vasai Virar Police Commissioner Niket Kaushik said seven accused have been arrested so far. A case has been registered against these accused under various sections for cheating and fraud of the Bharatiya Nyaya Sanhita and the Information Technology Act.

The accused allegedly targeted victims through matrimonial and social media platforms, gaining their trust before luring them into fake investment schemes. Funds were routed through mule bank accounts and laundered abroad. Commissioner Kaushik said the arrested persons are linked to over 50 cases registered across several states. He said the masterminds are suspected to be operating from outside India. Investigations are underway to trace the money trail and identify overseas handlers. Police have advised citizens to exercise caution while investing online.