Goa Cyber Crime Police Arrest Maharashtra Man in ₹4.74-Cr Fake Investment Fraud

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PANAJI: Goa’s Cyber Crime Police have arrested a man from Maharashtra in connection with a massive online investment fraud in which a senior citizen from Panaji was cheated of ₹4.74 crore through a fake IPO scheme impersonating a reputed financial firm.

The offence was registered on September 24, 2025, under Crime No. 35/2025 at the Cyber Crime Police Station, invoking Sections 318(4), 319(2) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) 2023 and Section 66-D of the IT Act.

Police said the accused, identified as Avishkar Devidas Suradkar, a resident of Gayranwadi, Mandura, Badnaour in Ja

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