Pramesh S Jain & Dr.Thomas (Sub-Editor)
A 77-year-old man lost his life saving of Rs.4.5 crore to stock market investment scam,which according to senior police officer is most common form of online cyber crime continuing unabated .
The victim, (JR Kaushik) resident of Rajajinagar filed a complaint with the North Division Cyber Crime Police on Friday,following which efforts are on to freeze the bank accounts to stop payments.
In his complaint,the victim,said that he was approached by an unknown number offering investment in stocks for high returns in he first week of March and even offered training on how to make right investment for better returns .
The victim agreed and joined the whatsapp group where many people were in the group.
The admin of the group used to take one hour class every afternoon for few days to teach the members on how to invest on stock and block trading on right time for better results .
Few days later,the accused proposed the victim bulk stocks offer with up to 40 per cent discount for a quid proko and even shared a link to make the investment.
Excited by the offer the victim followed the instructions and transferred ₹3.6 crore online where within few days the website was showing a total amount of ₹ 5.7 crore .
When the victim tried to withdraw the accused asked him to pay the commission in the form of ₹ 72 lakh to get the amount.
The fraud came to light when the victim tried to withdraw the money but he could not withdraw the amount.
The police could not be able to track down the transaction details due to weekend and bank holiday since saturday.
In April this year,A 52-year-old businessman lost ₹5.2 crore in a similar way in South Division Cyber Crime police station limits.
