Shocking: 2 people from Pimpri Chinchwad lose Rs 38 lakh in sharing trading scam

In two different cases between January and February of this year, two residents of Pimpri Chinchwad, one of whom was a woman, lost a total of Rs 38 lakh to online trading scams.

According to a police officer, distinct cases were filed on Saturday with the Hinjawadi and Pimpri police departments. Between January 15 and February 27, this year, a 35-year-old production engineer employed by a private company lost Rs 14.20 lakh due to an online share trading scam.

The woman claimed in her complaint, the officer added, that she had connected with the scammer on social media. Crook promised the woman that her share investment would yield good returns. The victim claimed that she was instructed to download an app so that she could buy, sell, and track her profit from shares. The application received an investment of Rs 14.20 lakh from the woman.

The officer went on to say that when the money she had invested became unrecoverable, she realized she had been duped. They have contacted the victim’s bank to request information about the transactions.

A 42-year-old Wakad resident lost Rs 24.15 lakh in a similar scam involving shares between February 14 and February 22 of this year. The victim reported the incident to the police in Hinjawadi.

According to a Hinjawadi police officer, the victim sent Rs 25.30 lakh through an app, but only got Rs 1.15 lakh in return. The thieves took off with the rest of the money.