The South Cyber Police Station in Mumbai has uncovered a major online investment fraud amounting to over Rs 1.5 crore and arrested one person in the case.

According to the police, between 20 August and 4 September, a woman was duped through a fake online trading scheme on the ‘Ascent IT Service’ platform. The complainant was lured into investing in the firm after joining a WhatsApp group and was promised high returns on foreign exchange trading.