Retd bank officer loses Rs24L in share-trading fraud | Pune News

Pune: A Kothrud-based retired bank officer (59) loses Rs 24.45 lakh between Feb and May after cybercrooks lured him in investing money to stock trading via them online.The Kothrud police have registered an FIR pertaining to the case on Friday.According to the police, the victim was browsing his social media when he stumbled upon an advertisement. The advertisement claimed that he could earn significant money by trading stocks online.Senior inspector Sandeep Deshmane of Kothrud police told TOI, “The victim clicked on the advertisement’s link. A link popped up and his phone number was suddenly and automatically added to a group on a messaging application.”“There were several members in the group where they praised the group admin for his tips to trade shares online, which generated high profit for them,” Deshmane said.The victim read these messages and contacted the group admin. According to the police, the group admin then sent him a link and asked him to download application software to trade the shares online. The victim followed the instruction and downloaded the software. The software was allegedly manipulated by the suspects. The victim, however, started trading the shares. He bought shares of lesser value, and the application showed little profit.The group admin contacted him and promised good profit only if the victim would invest in high-value shares. The group admin promised to help him out in buying such shares. The group admin shared details of six bank accounts and the victim ended up transferring Rs 24.45 lakh to the fraudsters, the FIR stated.