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Pune: A software engineer from Pimple Saudagar and a Wakad businessman collectively lost Rs56 lakh in online share trading frauds between Jan-end and Feb 20.

An officer from the Wakad police said the businessman (44) stated in his complaint that he came across an advertisement on the internet about share trading on Jan 29. When he clicked on a link, he was automatically added to a group on a mobile messenger app. “He said he was then given information about share trading and told to download an app to earn profit,” he said.

He said the Wakad resident downloaded the app and invested Rs21.65 lakh from his bank account and Rs13.7 lakh from his wife’s in the share market. “He told us that he could see the profit amount in the app but was not allowed to withdraw his money,” the officer said.

He said when he did not get any response despite repeated follow-ups, he realised that he was duped.

In another case, a software engineer (46) from Pimple Saudagar came in contact with the crooks through a social media platform. The crooks told him to download an app for trading in the share market. “Between Feb 12 and 20, he transferred Rs20.6 lakh to two different bank accounts,” said an officer from the Sangvi police.

When the victim tried to withdraw his money, he was not allowed to do so. “Prima facie investigations revealed that the money was transferred to bank accounts in Ghaziabad and Kolkata,” he said.

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  • Published On Feb 23, 2024 at 01:30 PM IST

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