Pune News : Sangvi man loses Rs 1 crore in online fraud

Pune: Senior Citizen Duped Of ₹36.52 Lakh In Online Investment Scam

Pune: Senior Citizen Duped Of ₹36.52 Lakh In Online Investment Scam

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By: Pune Pulse

December 9, 2023

Pune: In a shocking incident, a resident of Old Sangvi has lost a whopping Rs 1 crore in an online scam.

Balwadkar

As per information the three accused identified as Akanksha, Ram Sharma, and Rudra Pratap Singh, pretended to be employees of a company Investment India, Jaipur. By contacting the complainant Ravindra Bhagat from the mobile numbers 80521 40219, 91185 08452, and 62623 23108, the accused assured Bhagat of handling his Demat account & initially, gave the complainant good returns for an investment. So, the accused gained the complete trust of the complainant.

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Additionally, they lured the complainant into investing more money by saying that they have taken a franchise of a company called IT Bucks (U.S.) in the context of proprietary trading. The accused assured the complainant of 70% profit by repeatedly sending e-mails from an E-mail ID: [email protected] to gain the trust of the complainant. Hence, the complainant kept sending more money to the accused, expecting his 70% profit share.

However, when the complainant did not receive any profit/returns, he realized that he had been cheated. The complainant Bhagat lost Rs 99,92,000.

Hence, on Thursday Ravindra Bhagat lodged a complaint with Sangvi Police.

A case has been registered against the 3 accused under Sections 420, 406 of the Indian Penal Code (IPC) & Section 66(D) of the IT Act. Further investigation into the case is going on.

Shreyas Vange

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