Kolkata cyber police arrest 3 in ₹1.78 Crore fraud case

The Kolkata Cyber Police have cracked a major financial scam, arresting three individuals involved in a fraud amounting to ₹1.78 crore. The arrests were made following an investigation under Cyber P.S. Kolkata Case No. 138/24, registered on December 16, 2024, under sections of the Information Technology Act, 2000, and the BNS Act, 2023.

The complainant, Mr. Tarun Kumar Sarkar of Haridevpur, Kolkata, alleged that he was lured into a fake trading program via WhatsApp. The program, branded as "Pinnacle," purported to offer training and guidance for equity trading. Sarkar was induced to download their app and engage in both intra-day and long-term trading. Over time, he realized he was being defrauded, prompting him to approach the authorities.

Based on the complaint, financial and technical analyses led to raids at two locations: Krishnanagar Kotwali Police Station and Mira Bazar ROP under Kaliganj Police Station in Nadia district. The raids resulted in the arrest of three suspects: Alamgir Molla (30), Minjarul Molla (35) and Suman Mandi (32).

Authorities also seized crucial evidence during the raids, including a Dell laptop, two mobile phones, multiple debit and credit cards, SIM cards, cheque books, and passbooks linked to various banks.