Latest News | Man Duped of Rs 47 Lakh in Cyberfraud, 2 Held

New Delhi, Jan 15 (PTI) A man was allegedly duped of Rs 47.6 lakh here by fraudsters posing as officials of a private financial company who claimed to provide high returns on shares, police said on Wednesday.

Both the accused were apprehended -- one from Pune and the other from Vadodara, they said.

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According to police, the case was registered on January 1 on the complaint of Rafat Masood, a resident of Maujpur in northeast Delhi.

Masood reported being duped by an individual impersonating an official from a private financial company. The fraudster, posing as a share market expert on social media, promised him high return on investment.

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The victim transferred Rs 47.6 lakh to various bank accounts over a month. When he requested a refund, the fraudsters cut all contact with him, a police officer said.

Police said they registered an FIR and a team was formed to probe the case. Shrikant R Bhosale (37) was then apprehended from Pune. Based on his statement, Ayaz Patel (31), based in Vadodara, was also apprehended.

During interrogation, police found that Patel allegedly managed a network of cyberfraud remotely from a call centre in Malaysia. Shrikant provided bank accounts for siphoning off the funds, which Patel controlled from abroad, police said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)