A Navi Mumbai resident allegedly lost ₹1.10 crore after fraudsters posing as financial advisers lured him into investments.
How Was the Victim Approached?
The victim, a resident of Belapur in Navi Mumbai, was allegedly persuaded by people posing as financial advisers to invest in a share market scheme. According to a Cyber Police Station official, he was added to WhatsApp groups that were formed to execute the fraud.
The approach appears to have centred on convincing the victim that he was participating in an investment opportunity. The fraudsters allegedly maintained contact through the WhatsApp groups as they encouraged him to put money into the scheme.
The case highlights how communication platforms can be used to maintain sustained contact with a target during an alleged investment fraud.
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How Was the Money Transferred?
The victim was asked to download an application and was also sent a link. Following these instructions, he transferred a total of ₹1,10,07,000 into multiple bank accounts, according to police. The transfers were made over a period of three months. The amount was not sent in a single transaction, but moved into several accounts while the alleged investment scheme continued.
The complaint indicates that the victim continued transferring money after being persuaded to participate in the scheme. The screenshots do not provide details about the number of bank accounts involved or individual transaction amounts.
When Did the Victim Approach Police?
The victim eventually found himself unable to retrieve the money he had transferred. He then approached the police and filed a complaint regarding the alleged fraud. Based on his complaint, police registered a case on Sunday against several individuals. The case was filed under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.
The complaint centres on allegations that people presenting themselves as financial advisers gained the victim’s confidence, moved communication into WhatsApp groups and directed him towards an app and a link before the transfers were made.
What Does the Case Show?
The sequence described by police illustrates the structure of the alleged investment fraud. It began with people claiming to offer financial advice, followed by the victim being brought into WhatsApp groups and persuaded to participate in an investment scheme.
He was subsequently instructed to download an application and received a link before transferring more than ₹1.10 crore into multiple accounts over three months.
The victim approached police only after he was unable to recover his money. The registration of the case under criminal and information technology laws has now brought the transactions under investigation.
The available details do not establish how the alleged fraudsters first contacted the victim, what returns were promised, or how the application presented the investments. Those aspects remain outside the information disclosed in the complaint.
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