Goa Cyber Crime Police Arrest Telangana Man in ₹95.31 Lakh Online Investment Fraud Case; ₹21 Lakh Restored to Victim

Goa Khabar: The Cyber Crime Police Station, Goa, has arrested a 30-year-old man from Telangana in connection with an alleged online investment fraud involving ₹95.31 lakh. Police have so far successfully restored ₹21 lakh to the victim.

The accused, identified as Kota Venumadav, was arrested in Hyderabad in connection with an FIR registered at the Cyber Crime Police Station on October 30, 2026.

According to the police complaint, the victim was allegedly lured into investing money through an online advertisement promoting an investment platform. The complainant subsequently received calls and messages encouraging investments with promises of financial returns.

Believing the investment opportunity to be genuine, the victim transferred money into multiple bank accounts through several transactions. The total amount involved in the alleged fraud was ₹95,31,177.93.

### Accused Arrested in Hyderabad

Superintendent of Police (Cyber Crime) Jivba Dalvi said that a dedicated police team, led by Inspector Sujay Korgaonkar, was sent to Hyderabad to trace and apprehend the accused.

Following the investigation, the team arrested Kota Venumadav and brought him to Goa on a transit warrant. The accused is currently under arrest in connection with the case.

### ₹21 Lakh Restored to Victim

In a significant development, the Cyber Crime Police Station has managed to restore ₹21 lakh to the victim so far.

Police said the case has been registered under Sections 318(4) and 319(2), read with Section 3(5), of the Bharatiya Nyaya Sanhita (BNS), 2023, along with Section 66-D of the Information Technology Act, 2000.

Further investigation into the alleged fraudulent investment transactions is underway.

### Police Warn Public Against Fake Investment Schemes

SP Jivba Dalvi urged citizens to remain vigilant against online investment schemes promising unusually high, easy or guaranteed returns.

He advised people to verify the authenticity of investment platforms and financial intermediaries through official sources before transferring money.

Dalvi also stressed the importance of checking whether investment platforms are authorised by the relevant regulatory authorities and following Reserve Bank of India (RBI) advisories regarding foreign exchange transactions.

He cautioned citizens against transferring money based on unsolicited phone calls, online advertisements or messages offering quick profits.

The public has also been urged to promptly report suspected cyber financial fraud to the police.

### Investigation Under Senior Officers’ Supervision

The investigation is being conducted under the overall supervision of DIG Goa Ved Prakash Surya, IPS, and SP Cyber Crime Jivba Dalvi, GPS.

The investigating team also includes ASP Cyber Crime Shridevi B.V., IPS, PI Deepak Pednekar and LPI Anushka PaiBir.

Goa Police have reiterated the importance of public awareness and caution while dealing with online investment opportunities to prevent financial losses through cyber fraud.