Archive · 29 Sep 2025
Goa Man Arrested in Cyberabad Investment Fraud Case
Imagine some people promised you lots of money if you gave them your savings.
They said they could make your money grow really fast, maybe earning you almost half of your investment every year!
Many people gave them money because they seemed trustworthy.
They even paid out some money at first to look good.
But then, they stopped paying, and the company disappeared.
Now, the police caught one of the people who ran this scheme, and they're trying to find out how much money was stolen and who else was involved.
The police are asking anyone who gave money to this company to come forward and tell them what happened.
Cyrus Percy Hormusji was arrested in Goa by Cyberabad police.
He and Nikhil Kumar Goel ran Fibwave Analytics LLP, promising high returns.
Investors were promised 30% to 48% annual returns.
Payments stopped in May 2024, and the firm vacated its offices.
Police are investigating the extent of the fraud and seeking more victims.
- Who
- Cyrus Percy Hormusji and Nikhil Kumar Goel
- What
- Were involved in a fraudulent investment scheme.
- When
- Funds were collected starting in 2018, and payments stopped in May 2024. Hormusji was arrested recently.
- Where
- Hormusji was arrested in North Goa; the case originated in Cyberabad.
- Why
- They allegedly defrauded investors by promising high returns.
- Accused Arrested
- Cyrus Percy Hormusji
- Location of Arrest
- North Goa
- Firm Name
- Fibwave Analytics LLP
- Alleged Fraud
- High-return investment scheme
- Annual Return Promised
- 30% to 48%
- Victims with Evidence
- 13
- Co-accused
- Nikhil Kumar Goel