A 48-year-old man from Navi Mumbai was scammed out of Rs 1.07 crore by fraudsters promising lucrative returns through share trading. The cyber police have registered a case against 15 people, including app and website owners. The cyber police are investigating the incident under relevant sections of the IPC and IT Act.
A 48-year-old man from Navi Mumbai lost Rs 1.07 crore in a share trading scam, highlighting a broader surge in cybercrime in India. The Indian Cybercrime Coordination Centre (I4C) reported 20,043 trading scam cases amounting to Rs 14,204.83 crore between January and April 2024. Fraudsters often use call spoofing and impersonate officials to deceive victims. The government has responded by freezing bank accounts and blocking SIM cards to protect potential victims.
Thane, May 27 (PTI) A 48-year-old man from Maharashtra's Navi Mumbai township has allegedly been duped of Rs 1.07 crore after being lured by fraudsters into share trading for good returns, police said on Monday.
The complainant, a Dubai based businessman who has now returned back to India, was conned by three accused at a tune of Rs 32.13 lakh. The cheating happened in a span of six days from May 12 to May 18.
Navi Mumbai engineer cheated of Rs 3.7 cr in share trading fraud theweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theweek.in Daily Mail and Mail on Sunday newspapers.