Since January this year, both Pune and Pimpri Chinchwad police have reported a huge uptick in cases of online share trading frauds in which cyber criminals lure targets with expert training, and promises of very high returns on stock trading.
Police said the arrested suspect Mohammed Sarfaraz Kalimuddin Ansari (26) is from Rohtas in Bihar, and had moved to Pune a few weeks ago in search of labour work .