Retired navy officer loses ₹2.47 crore after investing in shares by way of WhatsApp

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Apr 04, 2025 04:00 AM IST

The deception got here to mild when the sufferer tried to withdraw ₹3 crore on March 28.

Navi Mumbai: A 65-year-old retired Indian Navy officer from Kharghar fell sufferer to an internet inventory market fraud, shedding ₹2.47 crore in his try and earn substantial earnings. The frilly rip-off was orchestrated by means of a WhatsApp group named “ABANS PRO.”

Retired navy officer loses ₹2.47 crore after investing in shares by way of WhatsApp

In line with an FIR lodged with the cyber police on Wednesday, the sufferer was added to the group with out his data on December 25, 2024. The group directors persistently despatched messages selling high-return investments, finally luring him into investing.

Additionally learn: Chandigarh: Retired Colonel, spouse lose ₹3.4 cr to digital arrest rip-off

His investments seemed to be extremely worthwhile, because the fraudulent buying and selling app by means of which he invested confirmed a steadiness of ₹39.43 crore. Nonetheless, the deception got here to mild when he tried to withdraw ₹3 crore on March 28. He was knowledgeable that he wanted to pay a 1% service cost upfront. Having exhausted his funds, he requested that the payment be deducted from his steadiness, however his request was denied.

Additionally learn: Noida: Cyber fraud dupes MNC’s India department of ₹3.52 cr

Rising suspicious, he sought to confirm the legitimacy of the corporate. Trying to find its workplace tackle on-line, he personally visited the situation, solely to find that he had been scammed. “Upon inquiry, he was informed that the entire scheme was fraudulent and that multiple complaints had already been lodged against the operation,” stated a police official.

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