Pune: IT Professionals Lose Rs 53 lakh In Online Share Fraud

Two private firm staffers residing in Hinjewadi and Rahatni respectively were duped of Rs 53 lakh in separate online share trading frauds.

20 June 2024

Pune- Two private firm staffers living in Hinjewadi and Rahatani collectively lost Rs 53 lakh in separate online share trading frauds. In the first case, a 39-year-old software engineer from Rahatani lost Rs 26.50 lakh between May 26 and June 11 this year. The victim filed a complaint with the Wakad police on Tuesday.

Officials stated that the woman was asked to download a mobile application and invest in stocks through it. Subsequently, the victim transferred Rs 26.50 lakh to different bank accounts. However, when she tried to withdraw her money, she was unable to do so. After ceasing communication with the fraudsters, she promptly sought assistance from the police.

Similarly, a 41-year-old woman from Hinjewadi lost Rs 26.60 lakh in an online share trading fraud on April 23 this year. Further investigation into the matter is ongoing. To prevent financial fraud, the only viable option is to stop opening links sent by unknown numbers. If a fund transfer is necessary, the website provided should be encrypted and safe to use.