Private bank manager dupes senior citizen of ₹75 lakh, flees
5 days, 15 hours ago

Private bank manager dupes senior citizen of ₹75 lakh, flees

Hindustan Times  

MUMBAI: The wealth manager of a well-known bank allegedly cheated a senior citizen of ₹75 lakh by promising him 12% returns on share market investments. Kaushal often contacted Mehta for bank-related queries as they had known each other for the past 10 years and developed a close friendship, said a police officer from Juhu police station. Police said Mehta advised Kaushal to him to invest in the stock market after retirement, claiming that a team working in the stock market could help him earn around 12% returns on investments. Upon Mehta’s persuasion to invest a higher amount, Kaushal gave him an additional ₹45 lakh in September 2024, which included the remaining sum in his bank account and fixed deposits.

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History of this topic

FIR against wealth manager of pvt bank for cheating pharma co head
1 day, 13 hours ago

FIR against wealth manager of pvt bank for cheating pharma co head

Hindustan Times  

MUMBAI: Based on the complaint of a former president of a Mumbai-based pharmaceutical MNC, the Juhu police have registered a case against his wealth manager, who was assigned to him by a leading private bank. According to the complainant, the manager took money from him, promising him 12% returns and even gave him four blank cheques, but eventually cheated him …

Gujarat businessman, nephew duped of Rs 1.4 crore in cryptocurrency investments
1 day, 16 hours ago

Gujarat businessman, nephew duped of Rs 1.4 crore in cryptocurrency investments

India Today  

A man in Gujarat's Surat and his nephew have alleged that they were duped by fraudsters of Rs 1.43 crore under the pretense of cryptocurrency investments, police said on Sunday. Police stated that the complainant, Mukeshbhai Savani, who runs an embroidery factory in Surat, was introduced to Hiren Kumbhani and Viram Goyani, who were involved in the cryptocurrency business, in …

Online frauds pocket ₹54 lakh from two in Kalaburagi
1 month ago

Online frauds pocket ₹54 lakh from two in Kalaburagi

The Hindu  

Despite several awareness drives by the cyber police, people continue to fall prey to online frauds. In the latest of such crimes, two people from Kalaburagi were cheated of ₹54 lakh in as many incidents by fraudsters and two cases have been registered at the Cyber, Economic Offences and Narcotics Police here. In one of the cases, a resident of …

Man duped of ₹41 lakh twice in 2 months by cyber frauds
1 month, 2 weeks ago

Man duped of ₹41 lakh twice in 2 months by cyber frauds

Hindustan Times  

Gurugram: A 55-year-old man was duped of ₹41.67 lakh by cyber criminals who entrapped him twice in investment fraud within two months, police said on Tuesday. The man transacted ₹ 15.49 lakh in four different bank accounts in Odisha and Maharashtra through first App. While impersonating investment officials of two different firms, the suspects approached the victim, a retired army …

Actor loses ₹1.31 cr in a fake investment scam that promised doubled returns
2 months, 2 weeks ago

Actor loses ₹1.31 cr in a fake investment scam that promised doubled returns

Hindustan Times  

MUMBAI: The police on Sunday booked seven people for allegedly scamming Bollywood actor Deepu Sharma and several others to invest in a fake company and promised doubled profits. Actor loses ₹ 1.31 cr in a fake investment scam that promised doubled returns. They persuaded her to invest a small amount in the company’s share, assuring she will receive twice the …

Retired naval officer duped of ₹46 lakh in investment fraud
6 months, 2 weeks ago

Retired naval officer duped of ₹46 lakh in investment fraud

Hindustan Times  

MUMBAI: The Bhandup police have booked a man for allegedly duping a 54-year-old retired Navy officer of ₹46 lakh by promising he would invest the money in buying private four wheelers and reap huge profits by renting out the vehicles in Mumbai and Hyderabad. Having retired from the Navy as a scientific officer a few years ago, he came across …

68-year-old retired bank staff cheated of ₹8.5 lakh in Gurugram
6 months, 3 weeks ago

68-year-old retired bank staff cheated of ₹8.5 lakh in Gurugram

Hindustan Times  

Gurugram: A retired bank employee was allegedly cheated of ₹8.5 lakh after he fell prey to cyber fraudsters who lured him by promising hefty profits from investments in the stock market, police said on Wednesday. A retired bank employee was allegedly cheated of ₹ 8.5 lakh after he fell prey to cyber fraudsters. They said Malkotia was initially added in …

Retired RBI manager loses ₹4.40 crore in online trading fraud
8 months, 1 week ago

Retired RBI manager loses ₹4.40 crore in online trading fraud

Hindustan Times  

NAVI MUMBAI: A 67-year-old woman, who retired from the Reserve Bank of India as a manager, was duped of her entire life savings after getting lured into investing in stocks by frauds masquerading as market experts. HT Image The scam began towards the last week of April this year, when the retired manager clicked on an A link was sent …

Bank manager from Coimbatore duped of ₹48.57 lakh in online scam
9 months, 3 weeks ago

Bank manager from Coimbatore duped of ₹48.57 lakh in online scam

The Hindu  

A bank manager from Coimbatore was duped of ₹48.57 lakh by an unknown person in an online part-time job-cum-investment scam. According to the police, Mr. Krishnaraj works as the manager of a bank in the city. As per the complaint lodged by the bank manager, he received a message regarding part-time jobs from an unidentified person on WhatsApp. According to …

Ghaziabad: Three arrested for cheating man of ₹70 lakh in online share trading scam
10 months, 1 week ago

Ghaziabad: Three arrested for cheating man of ₹70 lakh in online share trading scam

Hindustan Times  

The Ghaziabad police on Wednesday arrested three men who allegedly cheated a resident of Raj Nagar Extension for ₹70 lakh in an online share trading scam, senior police officers said, adding that they have come to know that the gang is also involved in about 32 cases of fraud registered in different cities across the country. The police identified the …

Man cons neighbour, takes ₹15 lakh for MCG job
1 year ago

Man cons neighbour, takes ₹15 lakh for MCG job

Hindustan Times  

A 31-year-old man in Gurugram paid his neighbour ₹15 lakh in 2021 to secure a job in the Municipal Corporation of Gurugram. The case dates to February 2021, when Ashvani Yadav told Ravinder Kumar that his relative Poonam, who was an MCG official, could get him a field job, said investigators. The case dates to February 2021, when Yadav told …

Mumbai: Man duped of over Rs 90 lakh under pretext of purchasing shares
1 year ago

Mumbai: Man duped of over Rs 90 lakh under pretext of purchasing shares

India TV News  

Mumbai: A man was scammed of at least Rs 90.9 lakh under the pretext of purchasing shares in Mumbai. However, after being unable to withdraw the money, he contacted Ritu, who told him to apply for a Rs 1 lakh-worth share, asked for his IFSC and transferred the money into his account. However, Dubey was later told that he would …

How 74-year-old lost ₹18 lakh to online investment fraud
1 year, 1 month ago

How 74-year-old lost ₹18 lakh to online investment fraud

The Hindu  

A 74-year-old resident of B. Mooda in Bantwal was defrauded of ₹18.92 lakh to links that promised of good returns for investment in online trading. In the complaint to Bantwal Town Police on Thursday, Subraya Rama Madiwala said that he recently received a message from an unknown number through WhatsApp that undertaking online trading through ‘Kuroto Capital Fund’ would fetch …

Nagpur businessman duped of ₹58 crore in online gaming scam
1 year, 8 months ago

Nagpur businessman duped of ₹58 crore in online gaming scam

Hindustan Times  

A businessman from Nagpur lost a staggering ₹58 crore in online gambling and the investigation led to the recovery of ₹17 crore in cash besides 14 kg of gold from the house of the person who allegedly duped him, police said here on Saturday. "Jain apparently convinced the complainant -- a businessman -- to explore online gambling as a lucrative …

Man involved in online investment fraud of over Rs 38 lakh arrested by Delhi Police
2 years, 10 months ago

Man involved in online investment fraud of over Rs 38 lakh arrested by Delhi Police

India Today  

Delhi Police has arrested a 27-year-old man, resident of Gujarat, for allegedly duping a man of over Rs 38 lakh on the pretext of online investment in the share market. Police also recovered a cheque book of IDFC First Bank, two mobile phones, 4 passbooks and 3 debit cards from the accused's possession. ONLINE INVESTMENT FRAUD The matter came to …

Ahmedabad trader duped of Rs 1.25 lakh in crypto currency investment scam
3 years, 1 month ago

Ahmedabad trader duped of Rs 1.25 lakh in crypto currency investment scam

India Today  

A group of five men reportedly duped a man from Ahmedabad of Rs 1.25 lakh by luring him to invest in crypto currency promising him to double his investment. The fraud came to light when the victim filed a case with the cybercrime police, saying that Patel approached him last year and explained to him about the crypto scheme. Trader …

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