Man duped of ~1.75 crore in cyber fraud

Tribune News Service

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Panchkula, July 31
A resident of Panchkula was duped of Rs 1.75 crore in the name of purchasing stock IPOs. Sushil Kumar Bhargav, a resident of Sector 12A who runs a pharmaceutical company at Kala Amb in Sirmour of Himachal Pradesh, said he joined a WhatsApp group named after a prominent private sector bank through a link on Facebook.
He said the group members shared tips of investing money in stock market and offered to help double the money invested in short time. The scammers then led him from one fake share market application to another. Bhargav started sending money to bank accounts for investing. He started with sending Rs 5,000 from his wife’s account. Later, he sent Rs 50,000 in one transaction, Rs 20 lakh in another transaction, followed by larger amounts.
He said he was repeatedly directed to deposit more money, which led to suspicion. The man filed a complaint with the cyber crime police station in Panchkula and a case has been registered under the BNS.