Feb 11, 2025 10:58 PM IST
When the boy requested for his a refund, the fraudsters refused and pressured him to take a position extra. Realising the rip-off, he knowledgeable his household, who then approached the Cyber Crime Police Station of Ludhiana Commissionerate.
An 18-year-old boy misplaced ₹16.08 lakh to cyber fraudsters, who duped him underneath the guise of inventory market funding. {The teenager}, who had obtained the cash from his father for school entrance exams and price, was added to a WhatsApp group the place pretend funding earnings have been proven to lure him into additional transactions.
An 18-year-old boy misplaced ₹16.08 lakh to cyber fraudsters, who duped him underneath the guise of inventory market funding. (Representational picture)
When the boy requested for his a refund, the fraudsters refused and pressured him to take a position extra. Realising the rip-off, he knowledgeable his household, who then approached the Cyber Crime Police Station of Ludhiana Commissionerate.
The complainant’s father shared that he had transferred cash into his son’s account to cowl his faculty entrance charges. Nonetheless, whereas scrolling Instagram, {the teenager} got here throughout an commercial about inventory market funding. Clicking on it led him to a WhatsApp group the place fraudsters pretended to supply inventory ideas and funding recommendation.
“The accused kept showing fake screenshots of an app claiming that the stocks were growing, and my son was making a profit. Trusting them, he continued transferring money,” the daddy mentioned.
Between January 10 and January 28, the sufferer transferred ₹16.08 lakh into numerous financial institution accounts offered by the fraudsters. When he requested for the cash and earnings again, they refused, issued threats, and demanded additional funding.
ASI Harjeet Singh, the investigating officer, confirmed that the police have begun monitoring the financial institution accounts the place the cash was transferred. Authorities are actually working to determine the suspects and get better the misplaced quantity.
He added that the Cyber Crime Police Station has registered an FIR in opposition to unidentified accused underneath Sections 318(2) (dishonest) and 61(2) (felony conspiracy) of the Bharatiya Nyaya Sanhita (BNS), based mostly on {the teenager}’s grievance.
The police have additionally warned the general public to be cautious of on-line funding scams and urged people to confirm monetary platforms earlier than making any transactions.
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