State vs 14 persons — Nalasopara fake share market call centre fraud

26 Oct 2026News

Fake Nalasopara investment call centre pocketed 30% profit, 13 held in fraud

MUMBAI: A stock-market investment call centre allegedly posed as a SEBI-registered outfit to lure investors with promises of profits, pocketed 30% of the gains and blacklisted clients whose investments suffered losses, the police said | Mumbai news

Hindustan Times

Explanation in simple terms

What:: Police shut down a fake call centre that allegedly stole money from people by promising investment profits.
Who:: The Nalasopara Police Station arrested thirteen people who are accused of running this fraudulent operation.
When:: Reported on 26 Oct 2026.
Where:: Nalasopara, Maharashtra.
Why:: The group is accused of keeping thirty percent of the profit from fake stock market investments.
What it means:: The police have taken thirteen individuals into custody as they investigate the alleged fraud scheme.

25 Oct 2026Arrest

Bogus Call Centre Busted In Nalasopara For Cheating People With False Promises Of Huge Stock Market Profits; 14 Arrested

Nalasopara Police busted an alleged fake stock market call centre operating without SEBI authorisation in Nalasopara West, taking 14 people, including a minor, into custody. The accused allegedly lured investors with promises of high returns and demanded a 30% profit share. Police seized ₹8 lakh in cash and electronic devices, while a court remanded the accused to four days of police custody.

Free Press Journal

Explanation in simple terms

What:: Police shut down a fake business and arrested a group of people.
Who:: The Nalasopara Police Station arrested 14 persons accused of running the operation.
When:: Reported on 25 Oct 2026.
Where:: Nalasopara, Maharashtra.
Why:: The group allegedly cheated people by making false promises about high stock market profits.
What it means:: The police have taken the accused into custody to investigate the alleged fraud.

25 Oct 2026Arrest

Palghar Crime: Nalasopara Police Bust Fake Share Market Call Centre In Chheda Nagar; 13 Arrested In Alleged Investment Fraud

Nalasopara Police arrested 13 people after busting an alleged fake share market call centre at Godavari Apartment in Chheda Nagar, Nalasopara West. The accused allegedly claimed to be SEBI-registered and persuaded citizens to invest in the stock market. Police are investigating the total suspected losses and the number of victims.

Free Press Journal

Explanation in simple terms

What:: The police closed down a fraudulent call center that operated as a fake stock market office.
Who:: The Nalasopara Police are the agency, and thirteen people are the accused who were taken into custody.
When:: Reported on 25 Oct 2026.
Where:: Chheda Nagar, Nalasopara, Palghar district, Maharashtra.
Why:: The people were arrested because they are accused of committing investment fraud against members of the public.
What it means:: The police have stopped the operation, and the case will now move through the legal system.

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State vs 14 persons — Nalasopara fake share market call centre fraud

Case summary

Latest development

Timeline

Fake Nalasopara investment call centre pocketed 30% profit, 13 held in fraud

Bogus Call Centre Busted In Nalasopara For Cheating People With False Promises Of Huge Stock Market Profits; 14 Arrested

Palghar Crime: Nalasopara Police Bust Fake Share Market Call Centre In Chheda Nagar; 13 Arrested In Alleged Investment Fraud

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