Pune: A jobless man (27) from Baner was arrested on Wednesday in connection with an online share trading fraud. A Rahatani resident (41) lost Rs44.5 lakh to cyber crooksbetween March and April this year. An employee of a private company, he lodged a complaint with the Kalewadi police on Wednesday. “Some of the money from the fraud was transferred to the arrested suspect’s bank account.He is a graduate and currently jobless,” senior inspector Rajendra Bahirat of the Kalewadi police said. He said the complainant came in contact with the crooks through a social media platform. They added him to a group of investors on a cellphone messenger app. “They gave him details of their investment firm and promised high returns on investments in the stock market through it,” Bahirat said.The officer said the crooks shared a link to an app with the victim for investments. “Within a month, he transferred Rs 44.5 lakh to different accounts of crooks and saw in the app that he had earned a profit of Rs2 crore,” the officer said. Bahirat said the victim realised he was being duped when he was not allowed to withdraw his money. “The crooks demanded a 15% commission — Rs30 lakh — on the victim’s profit. He then stopped responding to them and approached us,” Bahirat said.He said his team was questioning the Baner resident to trace his handlers. Pune: A jobless man (27) from Baner was arrested on Wednesday in connection with an online share trading fraud. A Rahatani resident (41) lost Rs44.5 lakh to cyber crooks between March and April this year. An employee of a private company, he lodged a complaint with the Kalewadi police on Wednesday. “Some of the money from the fraud was transferred to the arrested suspect’s bank account. He is a graduate and currently jobless,” senior inspector Rajendra Bahirat of the Kalewadi police said. He said the complainant came in contact with the crooks through a social media platform. They added him to a group of investors on a cellphone messenger app. “They gave him details of their investment firm and promised high returns on investments in the stock market through it,” Bahirat said.The officer said the crooks shared a link to an app with the victim for investments. “Within a month, he transferred Rs 44.5 lakh to different accounts of crooks and saw in the app that he had earned a profit of Rs2 crore,” the officer said. Bahirat said the victim realised he was being duped when he was not allowed to withdraw his money. “The crooks demanded a 15% commission — Rs30 lakh — on the victim’s profit. He then stopped responding to them and approached us,” Bahirat said.He said his team was questioning the Baner resident to trace his handlers.
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