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

Ahmedabad
N
News18•15-12-2025, 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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