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Bengaluru techie reports loss of Rs 96 lakh in online stock market fraud; FIR registered

According to victim Ayyappa ordeal, he got a message on his mobile phone in November last year in which he was given tips to invest in the stock market. When he clicked on the link in the message, he was directed to the Telegram group ‘Elite Team 18.’ The victim met a woman Anna Chatterjee. She asked him to download an application and give details of his bank account and PAN card number.

By Ruchi Upadhyay 
Updated Date

Bengaluru: In yet another case of cyber fraud, a techie in Kothanur reports loss of Rs 96 lakh after the fraudster lured him to join a Telegram group in the name of giving him stock market advice. The victim was asked to download an application in which he gave his bank details and PAN. Within 75 days, the victim invested over Rs 96 lakh and when he failed to get any profit in return he got suspicious and filed a police complaint.

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According to victim Ayyappa ordeal, he got a message on his mobile phone in November last year in which he was given tips to invest in the stock market. When he clicked on the link in the message, he was directed to the Telegram group ‘Elite Team 18.’ The victim met a woman Anna Chatterjee. She asked him to download an application and give details of his bank account and PAN card number.

After providing all the details, the accused was introduced to a website which looked like any trading platform. The other accused in the group kept posting fake success stories of huge profits in a short time. The victim fell into the scam and started investing money. He was also forced to transfer money to different bank accounts as a brokerage. After over two months, the victim got suspicious as he did not receive any profit from his investment.

After the accused started compelling him to invest more money, the victim approached the NorthEast Cyber, Economic and Narcotics (CEN) Crime Police Station. A case has been registered under Information Technology Act 66(D) (any communication device or computer resource cheats by personation) and IPC sections 419 (punishment for cheating), 420 (cheating and dishonestly inducing delivery of property).

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