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Techie loses Rs 1 crore in online trading fraud

Techie loses Rs 1 crore in online trading fraud

Time of India6 hours ago
Pune: A 35-year-old software engineer from Wakad lost Rs 1 crore to cybercrooks in share trading fraud between April and June this year.
The victim lodged a complaint on Saturday with the Pimpri Chinchwad cyber police.
Senior inspector Ravikirnan Nale of the Pimpri Chinchwad cyber police, who is investigating the case, told TOI that cybercrooks added the techie to a group of investors in April this year. "They provided him with details about the stock market and offered good profits on his investments in stocks through them. The crooks also sent the victim a link to download their firm's app to make investments and monitor the profit," Nale said.
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The techie, between April and June 21, transferred Rs 1 crore to nine bank accounts.
"The techie could see a profit of Rs 4 crore on his investments in the app. However, when he tried to withdraw his money, the crooks took additional money from him by citing various reasons," the officer said.
"When he started pursuing the suspects for his money, they deleted the app. After realising that he was duped, the techie lodged a complaint," he said.
Nale said the techie not only exhausted his entire savings but also obtained a personal loan from the bank and transferred it to the crooks to earn more profit. "We have sought the details of these bank accounts," Nale said.
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