In a fresh case of online fraud, a man was duped into losing a staggering 76.32 lakh after falling prey to promises of high returns from stock market investments. The incident occurred after the victim was contacted via Telegram on December 12 by a person named Sagarika Agarwal. He was sent a link on WhatsApp, which directed him to create a login ID and password for what appeared to be an online investment platform.
On December 20, 2024, the victim made an initial investment of 1,200 dirhams (Rs 27,600) into the bank account provided by the scammers. He received a small dividend in return, which encouraged him to continue investing. Lured by the potential of even higher returns, the victim went on to invest a total of Rs 76,32,145 in several installments between December 20 and March 11. According to the fraudulent account created by the scammers, the victim’s profits had reached approximately Rs 1.36 crore.
However, when the victim sought to withdraw his funds along with the dividends, he was informed that a tax payment was required before any money could be refunded. Realizing he had been conned, the victim reported the scam to the authorities, and a case has now been registered at the CEN station.
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