Bengaluru man swindled of Rs 6.54 crore in online trading scam
Bengaluru: In a massive online trading scam, a director of a private company in Bengaluru has reportedly lost Rs 6.54 crore after being lured by scammers promising him a ‘1500 percent return’ on investments through a fake online stock trading app.
Senior police officers believe this incident is among the largest sums lost by an individual victim to the trading scam in the capital city this year. According to a report by Deccan Herald on Monday, the 56-year-old man whose company manufactures semiconductor LED drivers, lamps and displays, used to trade in stocks through his demat account. He received a WhatsApp message on August 11 this year from an unknown number inviting him to join ‘NUUAMA ELITE GROUP’ for “classes” on trading and investment. He was subsequently added to the group by an individual named Aniketh Nerkar.
According to the FIR, he attended online classes where investment strategies were shared for nearly a month. An officer noted that some tips shared in the group appeared to be accurate. “This is one way the scamsters convince the potential victims,” a police officer told DH, adding that they have learnt that the tips the scammers offer will be on the stocks that are already on the way up or have the potential to go up the following days.
The victim was astonished to see the “success stories” shared on the WhatsApp group and was allegedly told he would get a “1,500% return on his investments”.
The officer added that scammers post the screenshots of their gains to psychologically convince the victim that the scheme is genuine and the same happened in this case.
Eventually, Kumar began transferring money after downloading a trading app shared by the scammers. Between the start of the scam and October 14, he wired Rs 6.54 crore to 12 different bank accounts.
Throughout the process, the app displayed simulations indicating that Kumar was making significant profits from his investments. However, when he attempted to withdraw his funds, he was asked to pay Rs 2.5 crore in fees. This prompted him to file a complaint with the cybercrime police on October 16.
A senior officer told the publication that the investigators have begun freezing the primary (first beneficiary) bank accounts and tracing the money trail and added that all accounts used in this case were “mule accounts”. A team led by Tanveer SR, Assistant Commissioner of Police (Northeast CEN), is probing the case.
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Four cops suspended after man escapes from custody, gets hit by truck in Ghaziabad
Ghaziabad (UP) (PTI): The Ghaziabad Police has suspended four personnel over presumed negligence and dereliction of duty after a detainee suffered severe injuries while allegedly fleeing from custody, a police official said on Friday.
Assistant Commissioner of Police (Modinagar) Bhaskar Verma said one Amit Kumar (35), an outsourced employee at Patla Nagar Panchayat, was allegedly drinking alcohol with three of his friends at a public place on Tuesday night. When Niwari police station arrived and reprimanded them, an altercation ensued, and Amit was subsequently detained.
While police were taking him for medical examination at Community Health Centre Muradnagar, Amit reportedly jumped from the moving police vehicle near the health centre to escape. As he ran towards the Delhi-Meerut highway, he was hit by an oncoming truck and sustained severe injuries. He was rushed to Yashoda Hospital in Nehru Nagar, where he is currently undergoing treatment in the ICU.
The police personnel allegedly failed to report the truck accident to their senior officers initially, claiming instead that Amit had fallen and injured himself while attempting to flee.
The incident sparked outrage among locals and the family of the detainee, who alleged that Amit was brutally thrashed while in custody.
On Thursday, protesters gathered outside the Niwari police station for nearly an hour, raising slogans against the police. The situation was eventually brought under control after officials assured that stringent action would be taken.
In response, a delegation of Rashtriya Lok Dal (RLD) leaders met Police Commissioner J Ravindra Goud to submit a formal complaint demanding accountability for the Niwari police station personnel.
On Thursday evening, Deputy Commissioner of Police (Rural) Surendra Nath Tiwari issued the suspension order against Patla police outpost in-charge Sub-Inspector Lokendra, Sub-Inspector Shaid Khan, Head Constable Sachin Mohan and Constable Narendra.
Additionally, the role of Niwari Station House Officer KK Maurya is under investigation, and a departmental inquiry has been initiated against the errant personnel, Verma said.
