This story is from October 28, 2024

Woman loses 26.3L to share fraud

Woman loses 26.3L to share fraud
Pune: A psychotherapist (47) from Padmavati lost Rs26.3 lakh to cybercrooks between April and May this year. After preliminary investigations, a case was registered with the Sahakarnagar police on Saturday.An officer from the Sahakarnagar police said that according to the complainant, she came into contact with the crooks through a social media platform. The crooks, who posed as executives of an investment firm, promised handsome returns to the victim if she invested in the stock market through them. The officer informed that between April 19 and May 14, the woman transferred Rs26.3 lakh to the different bank account numbers provided to her. "When she tried to withdraw her money through the app, she was not permitted. When the crooks started demanding more money, she realised that she was being duped and stopped responding to the crooks," he said.The officer said that a case under sections 419 (cheating by personation) and 420 (cheating) of the Indian Penal Code and the relevant sections of the Information Technology Act has been registered. "We have sought the details of the transactions from the woman's bank," the investigating officer said.

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About the AuthorMihir Tanksale

Mihir Tanksale is a senior correspondent at The Times of India, Pune, and covers crime news. He is a post-graduate in Journalism and Communication from Symbiosis Institute of Mass Communication and has been with the media since 1999. He loves Sufi music, enjoys long drives and reads books in Marathi.

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