A 59-year-old businessman residing in Kalamboli, Navi Mumbai, has reported a monetary fraud amounting to Rs 60.23 lakh. The sufferer, engaged within the logistics enterprise, allegedly fell prey to a rip-off involving foreign exchange and cryptocurrency buying and selling, promising profitable returns. The case, registered by the Navi Mumbai cyber cell, names 5 people because the accused, as reported by PTI.
In accordance with Senior Police Inspector Gajanan Kadam, the perpetrators approached the sufferer final month, engaging him with guarantees of excessive returns by investments in foreign exchange and cryptocurrency buying and selling. Subsequently, the Navi Mumbai businessman invested Rs 64,70,024 by varied hyperlinks offered by the accused.
Upon requesting returns on his funding, the sufferer confronted evasive responses from the accused. Regardless of persistent follow-ups, the fraudsters solely returned Rs 4,46,878, after which they ceased communication. In response to the sufferer’s criticism, the cyber cell police registered a case on Monday, invoking sections 419 (dishonest by personation) and 420 (dishonest) of the Indian Penal Code.
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Authorities warning people unfamiliar with complicated monetary devices like foreign exchange and cryptocurrency to train prudence. The official emphasises the significance of thorough analysis into funding platforms and people earlier than committing funds. He advises towards counting on unreliable hyperlinks or unfamiliar web sites, notably when confronted with engaging ensures of excessive returns.
In a separate incident, police have initiated authorized motion towards 9 people accused of defrauding a 42-year-old lady and others in Navi Mumbai of Rs 2.97 crore. The fraudsters allegedly promised excessive returns by varied funding schemes, investing the funds in shares, movable and immovable properties over the previous three years. Regardless of these investments, the accused failed to offer any features or return the cash to the victims. The girl, a resident of Seawoods in Navi Mumbai, filed a criticism resulting in the registration of a case towards the 9 people below related provisions of the Indian Penal Code and monetary rules.
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