Special Correspondent
Pune: A man has been swindled out of Rs 51.48 lakh under the pretense of investing in the stock market. The Pimpri-Chinchwad cyber police have arrested two individuals, Bintu Sanjay Singh and Roshan alias Charan Rajesh Talsania, both from Nagpur, in connection with the fraud.
The accused promised the victim substantial financial returns through investments in various currencies in the stock market. They provided a link to the victim, directing them to invest in these currencies. The victim followed their instructions and invested the full amount. However, no returns were received, and the victim realized they had been deceived.
The police filed a case against eight individuals in total. They discovered that approximately Rs 5.98 lakh of the defrauded amount had been transferred to an account at Bank of Maharashtra, Chandrapur. Using technical analysis, the cyber police tracked down the two primary suspects. Bintu Singh facilitated the transfer of bank accounts to Roshan, who managed the fraudulent transactions.
The arrest operation was led by Police Inspector Ravikiran Nale, along with Assistant Inspector Pravin Swami and a team of officers. “When investing in the stock market, always use SEBI-approved platforms. Be cautious about platforms asking you to deposit money into different accounts. Never share your mobile screen, bank details, or personal information while investing,” advised Sandeep Doifode, Deputy Commissioner of Police, Pimpri-Chinchwad.
