₹2.29 Cr Investment Fraud Busted in Ahmedabad; Two Money Mules Held
Ahmedabad
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News1815-12-2025, 17:29

₹2.29 Cr Investment Fraud Busted in Ahmedabad; Two Money Mules Held

  • Cyber Centre of Excellence busted an international investment fraud racket in Ahmedabad.
  • Two main accused, Nitin Bachubhai Jadav and Bakulbhai Natubhai Makwana, were arrested for a ₹2.29 crore investment scam.
  • Fraudsters used WhatsApp, fake company registrations, and a fraudulent share market app to deceive victims with promises of high returns.
  • The arrested individuals acted as 'money-mules' for an international cybercrime gang, transferring defrauded funds via hawala, angadia, and crypto.

Why It Matters: Ahmedabad bust exposes international cyber investment fraud, warning against fake apps.

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