Panaji: Goa cybercrime police have arrested Telangana resident Kota Venumadav (30) in connection with an alleged online investment fraud case involving Rs 95 lakh.A complaint was filed in Oct that the victim was lured through an online advertisement and follow-up calls and messages to invest via a purported investment platform, and subsequently transferred funds through multiple transactions to several bank accounts.SP cyber crime Jivba Dalvi said a team led by Inspector Sujay Korgaonkar was deputed to Hyderabad, where Venumadav was apprehended and was brought to Goa on a transit warrant.Dalvi said they have restored Rs 21 lakh to the victim.He urged citizens to beware of online investment offers promising unusually high or guaranteed returns and to verify platforms and intermediaries through official sources. For forex transactions, the public should follow RBI advisories and avoid responding to unsolicited calls, advertisements or messages. Suspected cyber financial fraud should be reported immediately to the police.The investigation is being conducted under the overall supervision of Inspector General Ved Prakash Surya.
