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The Bidhannagar Cyber Crime Police Station has arrested a man accused of cheating a businessman of ₹1.71 crore in the name of foreign exchange trading. The accused, Sheikh Mohammad, a resident of Bihar, was apprehended from the Iqbalpur area during a targeted operation by the cyber team.
According to officials, the businessman was lured into the scam with the promise of high returns through foreign exchange trades. Over time, the victim transferred a total of ₹1.71 crore to various accounts. When the promised returns never materialized and communication was cut off, he filed a complaint with the cyber cell.
Following technical surveillance and investigation, police tracked down Sheikh Mohammad. Several incriminating documents and the mobile phone used in the fraudulent transactions were recovered from him. Authorities are now probing further to identify other possible members of the racket and financial trails linked to the fraud.