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Tuesday, September 28, 2021

Pune: 56-yr-old businessman cheated of Rs 1.24 cr on promise of high returns from investment in herbal oils

An FIR in the case has been registered at cyber crime police station of Pune city. The incident took place in 2019, but the businessman approached police recently.

By: Express News Service | Pune |
Updated: July 29, 2021 12:01:55 am
The complainant came in contact with the profile of a woman on social media.

A 56-year-old businessman from Pune was allegedly duped of Rs 1.24 crore by fraudsters online through the social media profile of a woman he came in contact with. The fraudsters cheated him on the pretext of making an investment in herbal oils for which they promised him high returns.

An FIR in the case has been registered at cyber crime police station of Pune city. The incident took place in 2019, but the businessman approached police recently. According to police, Rs 1.24 crore was taken from him in multiple transactions.

Police said the businessman came in contact with a woman’s profile on social media and, subsequently, as communication increased, was told about investing in herbal oils. The man ended up transferring Rs 1.24 crore to multiple bank accounts, lured by the high investment promised, police added.

After making several failed attempts to contact the suspects, he approached police. Officials said a probe has been started into phone numbers and bank accounts used by the fraudsters.

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