Ahilyanagar, Tuesday, 29 July 2025 : Cyber criminals from Gujarat cheated a youth from Ahilyanagar of as much as Rs 47 lakhs by promising huge profits from the stock market. The cyber police, after conducting a thorough investigation based on technical information, traced the case and arrested four accused from the state of Gujarat.
Type of fraud and details of the crime
In this case, between June 19, 2024 and July 11, 2024, a person named Anika Sharma, who was working as an admin on a WhatsApp group named “IC Group Gold Stock Club A5”, contacted the complainant. Trust was gained by telling him that investing in stock trading would yield huge profits. Under the guise of investment, Rs 47 lakh 3 thousand 543 was gradually deposited from the complainant in various accounts.
Four accused from Gujarat detained
In this case, Javedbhai Mohammadbhai Sumara (age 40, Veraval, Gir Somnath), Jignesh Mohanbhai Kalsaria (age 27, Girgadda, Gir Somnath), Mahadev Jasubhai Gedhia (age 30, Surat), and Ravi Ramjibhai Ajgiya (age 36, Surat) have been arrested. The cyber police determined the whereabouts of these accused after getting information about their bank accounts.
Use of bank accounts and financial transactions
When the bank accounts used in the transactions where the money was deposited by the complainant as investment were traced, it was found that there were accounts in the names of Javed Sumara and Jignesh Kalsaria. It was also revealed that Mahadev Gedhia and Ravi Ajgiya helped in opening the bank accounts through forged documents.
Accused remanded in judicial custody
After their arrest, the cyber police initially kept all four in police custody. After the case was presented in court, all four were remanded in judicial custody. Further investigation is still ongoing and the investigating agency is investigating the possibility of more accused in the fraud.
