1 2 Pune: A loan agent and a private company employee were collectively duped of Rs35 lakh in online share trading frauds between April and July this year. Separate cases were registered with the Shivajinagar and Warje Malwadi police on Monday. The complainant, a 48-year-old resident of Warje, told the cops that in April this year he clicked on an advertisement that appeared on his social media page after which he was added to a group of investors on a mobile messenger app.

"According to the victim, the group was used to share tips about investing in the stock market," an officer from Warje Malwadi said. The victim further told the police that the crooks shared a link with him directing him to an app so that he could trade in the share market through them. "They promised him 100 percent returns on his investments for bulk trading in IPOs and hybrid trading.

Believing them, the victim, between April and May, transferred Rs17.36 lakh to the different bank account numbers provided to him," the officer added. When the victim tried to withdraw his profit, the crooks told him to pay 30 percent tax on the amount.

This was when he realised that he was being duped and approached the cyber police. After preliminary investigations, a case was registered in this regard. In another similar fraud, a 29-year-old woman lost Rs17.

69 lakh to cybercrooks between May and July this year. "The crooks told her to download an app for trading. Initially, the crooks returned some profit amount to her .