India, April 25 -- Five cases of cyber frauds including online share trading scams worth Rs.35 lakh were reported in the city on Wednesday, said police.

In the first case, Saeed Hameed Shaikh (36), a resident of Mangalwar Peth, lodged a complaint with Samartha police stating that Pallavi Gosavi (32), Kiran Gosavi (53), Arshad Shaikh (38), and Prasad Kamble (39) cheated him of Rs.15.70 lakh between 2023 and 2024.

According to the police, the accused promised him huge returns if he invested money in share trading and IPL betting including horse racing.

In the second case, the cyber police have lodged a case against an unidentified person who defrauded a businessman of Rs.6.49 lakh between March 13 and April 22, 2025. The fraudster gulled...