A 53-year-old shopkeeper from Katraj, Pune, has been allegedly cheated of Rs 63.85 lakh by online fraudsters who lured him with promises of high returns through online share trading. According to the Pune Cyber police, the fraud occurred between March and May this year. The victim filed a complaint in May, and after verification, an FIR was registered on Wednesday evening.
How the Fraud Unfolded
Police said the fraudsters added the complainant's phone number to a messaging app group where members discussed substantial profits from share trading. Impressed, the complainant contacted the group admin and expressed interest in investing.
The admin then asked the shopkeeper to download a trading application. Initially, the complainant invested in low-value shares through the app. Later, the admin persuaded him to invest in high-value shares, promising significantly higher returns and assistance with transactions.
Transfer of Funds
The fraudsters shared details of seven bank accounts and convinced the complainant to transfer a total of Rs 63.85 lakh. The trading app later displayed profits of more than Rs 1 crore.
However, when the complainant attempted to sell the shares and withdraw the money, the fraudsters prevented him from doing so. Realizing he had been duped, the complainant approached the police.
Police Investigation
The Pune Cyber police are investigating the case. Further details are awaited.
