Navi Mumbai Cyber Fraud: 61-Year-Old Vashi Man Duped Of ₹75 Lakh In Fake Share Trading Scam; Case Registered

Mumbai: A 61-year-old man has fallen prey to scammers and lost over Rs 75 lakh in shares investment fraud. According to the police, the complainant is a resident of Vashi.

On March 3, the complainant received a message from an unknown person informing about lucrative returns on share investments. After the complainant showed interest, the scammer shared a link to a WhatsApp group with the complainant.

The complainant followed the instructions and also downloaded a bogus trading app shared by the scammers on his phone. Between March 10 and April 24, the complainant transferred Rs 77.49 lakh in 22 online transactions. The complainant, after going through his trading app profile, realised that his earnings had reached over Rs 11 crore.

Initially, the complainant managed to withdraw Rs 1.68 lakh; however, later his requests to withdraw the money were rejected. He then confronted the scammers who asked him to pay more Rs 1.53 crore as a service charge in order to withdraw his earnings. Having realised that he had been scammed, the complainant approached the police and got an offence.