In Ahmedabad, an ex-serviceman has lost Rs 46.9 lakh due to a scam involving an online trading platform. The individual was enticed by fraudsters who promised substantial returns on investment. Following the incident, a complaint was filed with the cybercrime police on Tuesday.
He came across a Facebook reel in May, claiming that an investment of Rs 22,000 in a platform named Quantum AI could fetch monthly returns of Rs 3.5 lakh. He initially invested Rs 22,390 through UPI and was later allegedly instructed to transfer larger amounts to multiple bank accounts through RTGS. Between June and July, he transferred Rs 68.50 lakh through RTGS and Rs 2.32 lakh through UPI, taking his total investment to Rs 70.82 lakh. However, when he attempted to withdraw his money, only Rs 23.89 lakh was returned, while Rs 46.92 lakh remained unreturned. Suspecting fraud, the ex-serviceman contacted the cybercrime helpline on Aug 26.
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He was allegedly told that further investment was required to withdraw the remaining amount. Convinced, he registered and entered his contact details. Later, he began receiving calls from individuals claiming to be representatives and account managers of the platform. The callers allegedly directed him to a website, bxbmarkets.com, and persuaded him to invest in gold, silver, oil and natural gas. His account on the trading platform showed substantial profits, prompting him to invest more. Later, cybercrime police registered a complaint of cheating and criminal conspiracy under BNS. Download the TOI App.