Quick action by alerting the authorities prevented a potential loss of Rs 3.7 crore in a cyber fraud case. A housewife in South Mumbai, who had invested Rs 4.56 crore in a ‘share trading’ scheme promising double profits, is set to recover Rs 3.7 crore within 48 hours of reporting the incident to the cyber helpline (1930).
Following her investment, the woman faced difficulties in withdrawing profits or the initial investment. Consequently, she approached the police for assistance.
According to law enforcement, the woman came across a social media advertisement for share trading, leading her to join a WhatsApp group discussing the share market. Some group members claimed to have made profits by investing in specific share companies, persuading her to invest. The woman received a link to a virtual wallet, where she could monitor her investments and profits.
On Sunday, the South Region Cyber Crime Police Station registered an FIR of cheating and criminal conspiracy against unidentified individuals. The woman, who had been involved in smaller-scale share market trading for the past two years, transferred Rs 4.56 crore to five accounts provided by the accused between December 12 and January 4.
Upon encountering difficulties in withdrawing funds last week, the woman grew suspicious and approached the police. The cyber helpline collaborated with the bank to block the funds, saving Rs 3.7 crore within 48 hours.
The complainant initiated contact with the police on January 4, and the investigation is under the supervision of DCP (Cyber), DS Swami. The accused managed to withdraw over Rs 80 lakh from ATMs in Ahmedabad, Navi Mumbai, and Dubai.
Lakhmi Gautam, the crime branch chief, emphasized the importance of reporting cyber cheating cases promptly, urging victims to call the helpline for assistance in blocking funds used by cyber fraudsters. The helpline operates 24/7.