Pune businessman falls prey to Bitcoin fraud and loses 23.24 lakh

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PUNE A businessman in the city was tricked into investing in a bitcoin exchange and lost 23.24 lakh, police said. The incident happened between April 9 and April 11.

A case has been registered at Chandan Nagar Police Station under Sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and other relevant sections of the Information Technology Act. (REPRESENTATIVE PHOTO) {{^userSubscribe}} {{/userSubscribe}} {{^userSubscribe}} {{/userSubscribe}}

Police say a 45-year-old businessman from Kharadi area of ​​Pune received a message from an unknown person claiming to be a Bitcoin trader and offered him a part-time job offer. Moreover, the defendant offered him an investment opportunity in Bitcoin. The accused allegedly promised the businessman high returns on his investment in a short period of time.

According to the police, the victim initially got a decent profit, which encouraged him to pour more money into the bitcoin investment scheme. Between April 9 and April 11, the victim transferred 23.24 lakh to various bank accounts of the defendant as instructed. However, instead of returns on investment, the accused demanded more than 12 lakh.

Realizing that he had been the victim of a scam, the businessman filed a complaint at the Chandan Nagar police station on 21 April.

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Rameshwar Ravale, Investigator, said: “We have registered a case of cheating against an unknown person and are investigating the matter further.

A case has been registered at Chandan Nagar Police Station under Sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and other relevant sections of the Information Technology Act.

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