Cyber Police Station Akola, Arrests Five Accused from Goa in Two Major Cyber Fraud Cases

Akola | August 4, 2026:

In a major breakthrough against cyber crime, the Cyber Police Station, Akola, has arrested five accused persons from North Goa in connection with two major cyber fraud cases involving online financial fraud amounting to nearly ₹50 lakh.

The operation was carried out under the guidance of Superintendent of Police, Akola, Shri Archit Chandak, IPS.

Case 1: Tiles Wholesale Fraud

In the first case (Crime No. 17/2026), wholesale tile traders from Akola were contacted by an unknown individual through WhatsApp with an offer to supply tiles at prices significantly below the market rate.

Believing the offer to be genuine, the complainants transferred ₹4,19,001 through cash and QR code payments to multiple bank accounts.

However, no goods were delivered, resulting in the registration of a case under the relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act, 2000.

Case 2: Algo Trading Investment Fraud

In the second case, a renowned woman doctor from Akola was lured into investing in an alleged "Algo Trading" scheme with promises of exceptionally high returns.

Initially, the fraudsters displayed fake profits to gain her confidence and persuaded her to invest larger amounts.

When she attempted to withdraw the investment, she was asked to deposit additional funds.

The victim ultimately suffered a loss of ₹45,66,750.

The case was subsequently transferred to the Cyber Police Station, Akola, for investigation.

Investigation and Arrest

During the investigation, Cyber Police conducted an extensive analysis of banking transactions, technical evidence, and digital trails, which led investigators to North Goa.

A special investigation team was deputed to Goa, where, with the assistance of the local police, five accused persons were successfully apprehended.

Recovery and Seizure

In Crime No. 17/2026, ₹75,000 remains frozen in the accused's bank account, while ₹2,50,000 in cash has been seized.

In the second case, police seized:

• 23 Smartphones
• 9 Keypad Mobile Phones
• 1 Tablet
• 1 Monitor
• 5 Wi-Fi Routers
• Other electronic equipment

The total value of the seized property is ₹6,27,300.

Additionally, ₹4,79,410 has been secured by freezing bank accounts.

Investigation Team

The operation was carried out under the guidance of Shri Archit Chandak, IPS, Superintendent of Police, Akola, and Shri Chandrakant Reddy, IPS, Additional Superintendent of Police, Akola.

The investigation was led by PI Amol Malwe, API Manisha Tayade, PSI Devdas Phulumberkar, HC Sudhakar Wankhade, HC Atul Ajne, HC Gopal Thombre, PC Satish Bhagat, PC Ganesh Kuhile, PC Akash Pande, PC Ashish Amle, PC Rahul Sanap, PC Swapnil Damodar, and the Cyber Police Station staff.

Further investigation is in progress.

Public Advisory

Akola Police advises citizens to remain vigilant against online investment schemes, fake trading platforms, and offers promising unusually high returns.

Always verify the authenticity of websites, mobile applications, and individuals before making any online financial transaction.