A 37-year-old boutique owner from Sinhagad Road in Pune has filed a complaint with the Pune cyber police, alleging that online fraudsters duped her of Rs 50.27 lakh by promising high returns on investments in online share trading.
Details of the Fraud
According to the police, the fraudulent activity took place between February and March of this year. Senior Inspector Swapnali Shinde of the Pune cyber police stated, "The complainant operates a boutique in a mall located on Sinhagad Road."
In February, the victim's phone number was added to a group on a messaging application. In this group, members discussed high returns from share trading and expressed gratitude to the group admin for providing profitable tips. Impressed by these messages, the boutique owner contacted the admin, who shared a link to a mobile trading app.
Police reported that the complainant downloaded the app and initially purchased low-value shares. "She was later persuaded to invest in higher-value shares, with the fraudsters offering assistance. They instructed her to transfer money to four different bank accounts. She eventually transferred a total of Rs 50.27 lakh but later realized she had been cheated," a police officer explained.
Investigation Underway
The Pune cyber police have registered a case and are investigating the matter. Authorities urge the public to exercise caution when approached with investment opportunities that promise unusually high returns, especially through messaging applications and unknown trading platforms.
