The Mumbai police’s Property Cell is intensifying its search for Bhupendra Mahajan Goyal, 43, accused of masterminding a high-stakes Demat fraud in which he allegedly siphoned off Rs 75.99 lakh worth of shares from the bank account of a US-based tech executive by posing as her husband.

Although police have secured a photograph of Goyal, officials say they currently have no digital or financial trail to track him, making the manhunt challenging. “He has gone completely off the grid,” a senior official said, confirming that the probe is now being handled by the Property Cell under the Crime Branch.

Modus operandi