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₹22 Lakh Fraud Under Pretext of High Stock Market Returns

Desk_dcn by Desk_dcn
March 31, 2025
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₹22 Lakh Fraud Under Pretext of High Stock Market Returns
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Pune: A case of online fraud amounting to ₹22 lakh has come to light, where a victim was lured with promises of high returns from stock market investments. A complaint has been registered at Vishrantwadi Police Station regarding the incident.

Sachin Narayan Shetty (47, resident of Tingrenagar, Vishrantwadi, Pune) has lodged the complaint. Based on his statement, a case has been registered against Risha Chopra, the admin of a WhatsApp group, along with various app and bank account holders.

According to police reports, between December 12, 2024, and January 23, 2025, the accused sent links to the complainant via online platforms, instructing him to fill in his details and download an app. Through this app, the accused initially allowed the complainant to trade in the stock market with a small investment, thereby gaining his trust.

Subsequently, the accused asked the complainant to transfer ₹23,08,600 to multiple bank accounts. Initially, the complainant received ₹80,000 as a profit, but after that, no further returns were given, resulting in a financial loss of ₹22,28,600.

A case has been registered under various sections of the Indian Penal Code (IPC) and the Information Technology (IT) Act against Risha Chopra, the admin of the WhatsApp group, as well as the holder of the “Sharekhan (PFA)” app, and several individuals linked to fraudulent bank accounts and links.

Tags: cyber crimefake trading appfinancial fraudinvestment scamIPC sectionsIT ActOnline fraudonline scam alertPune crime newsstock market scamVishrantwadi policeWhatsApp fraud
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