Rajkot: A resident of Mundra town in Kutch and his friend lost Rs 27.42 lakh after falling prey to a fraudulent online investment offer of foreign exchange trading.
They were lured with handsome returns and the fraudsters, who created the mobile application, also invested some money in his account initially to gain his trust.
The victim, Rajde Gadhvi, an agriculturist living in Zarpara village near Mundra, filed a complaint with the cyber crime police station on Friday.
Gadhvi stated that on Nov 1, 2023, he got a text message on his phone about a scheme that could help him earn Rs 50,000 to Rs 2 lakh every by investing in a foreign exchange trading platform named Forex World (UK)
When he called the number, Gadhvi was told to download a mobile application. Gadhvi informed his friend Dhanraj Sakhra about this scheme and he too got lured.
They were told that on investing money, the application would carry out automatic trading and the profits would be deposited in their bank accounts. Gadhvi downloaded the application named ‘Forex World’ and shared his and his wife’s bank account numbers along with the PAN and Aadhar Card.
He received the password and username and saw in the application that both the bank accounts were linked.
After a few days, Gadhvi withdrew $10 which was promptly deposited in his wife’s account, and started trusting this platform. Over time, he transferred a total of Rs 22 lakh through various UPI IDs in 22 different transactions. Sakhra also transferred Rs 5.60 lakh using Gadhvi’s username and password.
However, when Gadhvi wanted to withdraw his investment along with the earned profit, he was asked to pay brokerage and tax. When he inquired he was told that the bank server was slow. When he called the number again, the fraudsters did not answer his calls.
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