Pune: Sangvi Resident Falls Victim to Rs 1 Crore Online Scam
Sangvi, 9th December 2023: A resident of Old Sangvi has fallen prey to an online scam, losing a staggering amount of Rs 1 crore. The three perpetrators, identified as Akanksha, Ram Sharma, and Rudra Pratap Singh, posed as employees of the company Investment India based in Jaipur.
The accused initiated contact with the victim, Ravindra Bhagat, using mobile numbers 80521 40219, 91185 08452, and 62623 23108. Under the guise of managing Bhagat’s Demat account, the perpetrators initially provided positive returns on his investment, gaining his complete trust.
Exploiting this trust, the accused enticed Bhagat to invest more by claiming to have taken a franchise of a company named IT Bucks (U.S.) for proprietary trading. They promised a lucrative 70% profit, reinforcing their assurances through repeated emails from the address [email protected].
As Bhagat continued to send additional funds, anticipating his promised profit share, he soon realized he had been deceived when no returns materialized. The victim incurred a loss of Rs 99,92,000 in the process.
Bhagat lodged a complaint with the Sangvi Police on Thursday. The three accused are now facing charges under Sections 420 and 406 of the Indian Penal Code (IPC) and Section 66(D) of the IT Act. The investigation into the case is currently underway.
