Pune: A 67-year-old resident of Dehugaon in Pune lost his retirement savings of Rs 17.86 lakh after cybercrooks allegedly lured him into a share-trading fraud by promising good returns on investment. The elderly man transferred the money to different bank accounts between March and April 8 this year before realising that he had been cheated and filing an online complaint.
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Retirement Savings Targeted
According to the information visible in the report, the complainant had worked with a private company in Chakan MIDC. After retirement, he wanted to invest his savings in the stock market and earn more money.
The case was registered with the Dehu Road police on Saturday after preliminary investigations. The complaint stated that the senior citizen was induced to transfer money into bank accounts provided to him by the fraudsters.
Messaging App Group Used to Build Trust
The victim reportedly received a call last month from a woman who asked whether he was interested in investing in the stock market. After he agreed, he was added to a group of investors on a mobile messaging application.
Police said he was also asked to download an app to make investments and monitor profits. A few days later, another woman called him and spoke about her own trading experience and profits earned through the app. She allegedly gained his confidence and persuaded him to invest.
More Money Sought During Withdrawal Attempt
The senior citizen transferred Rs 17.86 lakh to different bank accounts until April 8. When he later tried to withdraw his money, the fraudsters allegedly told him to transfer more funds.
The complainant realised he was being duped and stopped responding. Police registered the case after the online complaint and preliminary inquiry.
