The lady transferred a collective sum of Rs 1,92,82,837 into numerous financial institution accounts since December 2023. (Representative picture)
The accused lured the sufferer, a resident of the New Panvel space, into on-line buying and selling of shares with a promise of excessive returns on her investments.
Police have registered a case in opposition to 9 individuals for allegedly dishonest a 40-12 months-outdated lady from Navi Mumbai township in Maharashtra of Rs 1.92 crore in on-line share buying and selling, an official stated on Wednesday.
The accused lured the sufferer, a resident of the New Panvel space, into on-line buying and selling of shares with a promise of excessive returns on her investments.
Also Read: High Returns Scam! Cryptocurrency Trading Fraud In Navi Mumbai, Businessman Loses Rs 60 Lakh
She transferred a collective sum of Rs 1,92,82,837 into numerous financial institution accounts since December 2023 as instructed by the accused, however was not in a position to withdraw any quantity later, Cyber police station’s senior inspector Gajanan Kadam advised information company PTI.
When she didn’t get any passable response from the accused, she filed a police criticism.
Case Filed
The police on Tuesday registered a case in opposition to 9 individuals beneath Indian Penal Code sections 420 (dishonest), 406 (prison breach of belief) and 34 (frequent intention) and provisions of the Information Technology Act, the official stated.
Here are some key issues to bear in mind to be protected from scams in on-line share buying and selling:
Before you make investments:
- Do your analysis: Choose respected and controlled on-line buying and selling platforms. Verify their registration with related monetary authorities just like the SEBI or RBI.
- Beware of unsolicited provides: Scammers typically use excessive-stress techniques and guarantees of assured returns to lure you in. Avoid investing primarily based on unsolicited calls, emails, or social media messages.
- Understand the dangers: The inventory market is inherently dangerous, and no funding is assured to return a revenue. Don’t be swayed by claims of “get rich quick” schemes.
- Educate your self: Learn about completely different funding choices, buying and selling methods, and monetary literacy earlier than placing your cash in danger. Use dependable sources like authorities web sites or accredited monetary establishments.
- Never share your login credentials: This contains usernames, passwords, and two-issue authentication codes. No professional establishment will ask for these through unsolicited communication.
- Be cautious of free funding recommendation: Legitimate monetary professionals cost charges for his or her companies. Free recommendation could typically be a ploy to lure you right into a rip-off.
(With company inputs)
