Pvt employee loses ₹49L to online share trading fraud

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Pune: A 37-year-old private firm employee from Krishnanagar in Chinchwad lost Rs 48.61 lakh in an online share trading fraud between Aug 6 and Sept 6. He lodged a complaint with the Chikhali police on Saturday.

An officer from the Chikhali police said, according to the complainant, on Aug 6, he was added to a group of investors on a mobile messenger app. The victim was promised handsome returns on investments in shares through them. The crooks gained his confidence by claiming that if the victim suffered any loss during the trading, they would repay him.



"The crooks then told the victim to download an app for trading. In the process, the victim transferred the said amount of money to the different bank account numbers provided to him and lost all of it," the officer said. A case has been registered with the police under sections 316 (criminal breach of trust) and 318 (cheating) of the Bharatiya Nyaya Sanhita (BNS), the officer said.

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