The DB Marg police have arrested four members of a cyber fraud gang from Gujarat for allegedly cheating a 74-year-old retired ONGC employee of over Rs 60 lakh on the pretext of stock market investments.

In April 2024, the complainant was contacted on WhatsApp by the accused, who promised profitable stock market schemes via a trading app. They sent the complainant a link and instructed him to transfer funds to various bank accounts to participate in these so-called investments.

The complainant, trusting the communication, transferred a total of Rs 60,26125 through online transactions. However, no investments were made, and the accused cut contact when the victim realised that he was duped.