In a recent incident in Amritsar, a man was duped of Rs 10 lakh by a fraudster who promised him a profitable business deal. The victim, identified as a local resident, filed a complaint with the police, leading to the registration of a case against the accused.
Details of the Fraud
The complainant alleged that the accused approached him with a proposal for a business venture that promised high returns. Trusting the accused, the victim handed over Rs 10 lakh. However, after receiving the money, the accused disappeared and stopped responding to calls.
Police Action
Based on the victim's complaint, the police have registered a case under relevant sections of the Indian Penal Code for cheating and criminal breach of trust. An investigation is underway to trace the accused.
Authorities have urged citizens to exercise caution while entering into financial agreements with unknown individuals and to verify credentials before investing large sums of money.
