18 hours ago
Pvt firm employee loses Rs 1.7cr in investment scam
Bengaluru: A 46-year-old man recently lost Rs 1.7 crore to cybercrooks who lured him by promising high returns on investments. The fraudsters gained the victim's trust by transferring small "profit payouts" before leading him into a sophisticated scam.
Narun (name changed), a resident of Sarjapur, has filed a complaint with Whitefield cybercrime police.
"In the second week of April, I was added to a WhatsApp group called 'J7 Bajaj Finserv Wealth Institute'. Two people, who introduced themselves as Ishit Kapoor and Puraa Jnanreri, contacted me and explained how I could earn large profits through online share trading," he said.
Soon after, the duo sent him a link to download an app named Bajaj BSFL-Max.
"On April 16, I made my first investment of Rs 10,000," he recalled. "They then credited Rs 1,000 into my account, saying it was my profit."
Hooked, Narun began transferring larger sums. "Between April 16 and May 26, I transferred Rs 1.7 crore," he said. However, the profits abruptly stopped. "When I asked why no more profits were being credited, they told me I needed to invest more. When I insisted on getting my money back, they blocked my number," he added.
Police are investigating the complaint and have urged citizens to avoid downloading unknown apps or making financial transactions based on unverified claims.
