Pune: Man Defrauded of Rs 95 Lakhs in Crypto Investment, Sangvi Police Register Case
Sangvi, 12th August 2024: A man in Pimpri Chinchwad was defrauded of over Rs 95 lakhs after being lured with promises of high returns on a cryptocurrency investment. The incident, which occurred between January and June of this year, has led to a case being registered by the Sangvi Police.
The victim, a 39-year-old salesman employed with Nestlé, filed a complaint at the Sangvi Police Station. The police have registered a case against Rajdeep Sharma and Disha Sanyal of Wealth Finance Company, as well as the holder of the link www.zioptoao.com, the bank account holder, and the administrator of the WhatsApp group “Rajdeep Stock Academy.”
The case has been registered under Sections 420 (cheating and dishonestly inducing delivery of property), 406 (criminal breach of trust), and 34 (acts done by several persons in furtherance of common intention) of the Indian Penal Code, along with relevant sections of the Information Technology Act of 2000.
According to police reports, the accused initially added the complainant to a WhatsApp group where he was provided with stock market trading tips. These tips led the complainant to believe he could earn significant returns. Subsequently, he was sent a link and instructed to download an application. The accused then persuaded him to invest in cryptocurrency, promising substantial profits.
The complainant invested Rs 95,10,000, and everything appeared legitimate until he attempted to withdraw his funds. At that point, the accused demanded an additional 16% of the invested amount, claiming it was necessary to process the withdrawal. Realizing he had been scammed, the complainant reported the matter to the police. Senior Police Inspector Mahesh Bansode, in charge of Sangvi Police Station, is currently leading the investigation.
