2 days ago
Engineer loses 1.8Cr in online share trade fraud
Pune: A 64-year-old engineer from Sahakarnagar lost Rs1.78 crore in an online share trading fraud recently. Between February and May this year, the victim transferred the amounts to different bank accounts provided to him and lost it to the crooks.
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The victim, who runs a business, lodged a complaint with the Pune Cyber police on Thursday.
An officer from the Pune Cyber police told TOI that, according to the complainant, in February this year, he was added to a group of investors on a mobile messaging app by an unknown person. One person was providing training on investments in the share market in that group. "The complainant told us that in April this year, the trainer messaged him and informed him that he could earn a good amount of money if he invested in shares through their trading app.
The message also stated that the victim could get IPOs easily if he purchased through their app," the officer said.
He said that on April 23, the complainant withdrew Rs 1 lakh, which was also credited to his bank account. When he tried to withdraw Rs 65 lakh more, he was not allowed. He was told to pay Rs 15.58 lakh for the tax. After that, he was asked to pay Rs 17 lakh under the pretext of profit-sharing fees. After the payment, the crooks told him to pay the same amount again as the complainant transferred it to his trading app by mistake.
Following this, the complainant transferred the same amount. They took Rs 9 lakh more from him under the pretext of profit-sharing fees again.
"After that, the complainant was told to withdraw his money. When he tried to withdraw Rs 90 lakh on May 16, the crooks closed his trading app and stopped responding to his calls. He realised that he was duped and approached us," the officer said.
