Goa Cyber Crime Police Arrest Kerala Man in ₹4.23 Crore Investment Fraud Case

Goa Khabar: The Cyber Crime Police Station, Goa, has arrested a man from Kerala in connection with a major cyber fraud case involving more than ₹4.23 crore, allegedly cheated from a resident of Corlim in Tiswadi taluka through a fake investment and trading scheme.

According to police, the case was registered on May 18, 2026, under Crime No. 59/2026 based on a complaint filed by a Corlim resident. The accused and his associates allegedly posed as representatives of a trading platform called “Citadel Security” and persuaded the complainant to invest through a fake mobile application bearing the same name.

The fraudsters reportedly lured the victim with promises of high returns from IPO investments and share market trading. Believing the claims, the complainant transferred a total of ₹4,23,94,163 to various accounts linked to the accused.

Following a detailed technical and financial investigation, Goa Cyber Crime Police traced one of the suspects to Kozhikode, Kerala. A police team comprising PSI Navin Naik, PC Yash Kole and PC Sidramayya Math arrested Rejas Ali P.P., a resident of Kozhikode.

During the investigation, police found that the accused had received ₹27 lakh in his bank account at the first layer of the transaction chain. The money was subsequently routed to several other accounts belonging to his associates.

Further financial analysis revealed that the same bank account was linked to two other cyber fraud cases in Karnataka and Uttar Pradesh, involving a cumulative amount of approximately ₹4.21 crore.

The accused was produced before the court and has been remanded to police custody. Further investigation is being carried out by PI Deepak Pednekar under the supervision of ASP B. V. Sridevi and overall supervision of SP Cyber Crime Raju Raut Desai.

Goa Police have once again urged citizens to remain cautious while investing through online trading platforms and to verify the authenticity of investment schemes before transferring money.