Navi Mumbai: A 70-year-old retired govt officer residing in Vashi registered a cheating case at Navi Mumbai cyber police station against a gang of fraudsters who cheated him of Rs 4.7 crore after offering him high returns in stock market trading.
A police officer said last Nov, the complainant saw an advertisement on a Facebook page promoting investment in stocks. He responded to it and provided his details. Subsequently, he was contacted on WhatsApp to join a called ‘A24KKR Collaborative Win’ and provided with a link to become a member for trading. Given tips for investing, he gradually increased his investment amount by transferring money to various bank accounts.
Later, he was made to download an app ‘INDKKR’ where his account was registered, and it displayed his “profit” on investment. Initially, as he was able to withdraw Rs 5,000 and later Rs 2 lakh, he began to invest more. Till March 8, he invested a total of Rs 4.7 crore from his wife’s demat account. The app displayed his profit as Rs 12.2 crore. On March 5, when he tried to withdraw the profit shown on the app, he found his account was frozen. Gajanan Kadam, senior inspector of cyber police station, said, “We have initiated a probe and sought details of the bank accounts where the complainant was made to transfer money. As victims approach the police after months, detection of such crimes becomes time consuming.” — George Mendonca