Chhatrapati Sambhajinagar : A 72-year-old businessman from Cidco N-4 in Chhatrapati Sambhajinagar was allegedly duped of Rs 1.1 crore by conmen who lured him with promises of high returns through a fake share-trading app.
The Pundliknagar police registered a case on Saturday under sections 3(5) (common intention), 318(4) (cheating) and 319(2) (cheating by personation) of the Bharatiya Nyaya Sanhita (BNS), along with Sections 66(c) and 66(d) of the Information Technology Act. The alleged fraud took place between 11 am on Sept 30 and 2 pm on Nov 4. Rajendra Mundhe, in charge of Pundlik Nagar police station, said, “The accused, including an unidentified woman and a person using a particular mobile number, allegedly promised him huge financial gains, won his trust, and made him deposit the amount in different bank accounts in instalments through RTGS. Stay updated with the latest Chhatrapati Sambhajinagar news.
The accused contacted the businessman after he saw an advertisement on a social media platform for a purported share-market app, according to the complaint. “The laid down, multi-phase procedure to intercept stolen money is being followed before it leaves the banking network,” Mundhe said, adding that the whereabouts of the suspects are being traced. No arrest has been made yet. Download the TOI App.