Pune: A sales executive, working with a multinational company, and a 64-year-old housewife from Bavdhan collectively lost about Rs1 crore to online share trading frauds. According to the police , the fraud occurred between January and July this year. Separate cases in connection with the frauds have been registered with the Hinjewadi and Sangvi police on Saturday.
The 39-year-old man, a resident of Pimple Gurav, lost Rs95 lakh in the online share trading fraud , while the woman lost Rs7.2 lakh to the conmen. The modus operandi in both the cases was almost similar, police said.
The complainants were added to a social media group and promised great returns on their investments. Trusting the claims, the complainants went ahead and transferred money in different bank accounts. However, they realised about the fraud when they were unable to withdraw money.
We also published the following articles recently Rs 85.05Crore lost in cyber frauds refunded to the victims in Telangana From March to July 2024, the Telangana Cyber Security Bureau (TGCSB) aided cyber fraud victims in reclaiming Rs 85.05 crore.
This achievement followed collaborative efforts between TGCSB and Telangana State Legal Services Authority. An SOP developed to speed up refund petitions resulted in 6,449 successful cases. Reporting cyber fraud promptly was emphasized for better recovery chances.
Retired banker duped of 39 lakh in online fraud A retired bank officer from Indore was defrauded of Rs 39.60 lakh after bein.