Bank employee loses Rs 18L to cyber fraud

The Ludhiana rural police have booked a cyber criminal for duping a bank employee of Rs 18 lakh. The suspect posed as a stock market representative and lured the victim into investing in the share market, promising high returns.

According to the complaint filed by Kewal Singh, a retired bank employee, his daughter Manpreet Kaur, who works at a bank in Mohali, was duped by the man.

He said his daughter asked him to transfer money to an account provided by the suspect. He transferred Rs 5 lakh initially and then Rs 13 lakh through the RTGS.

The suspect switched off his phone after receiving the money. Kewal Singh lodged a complaint with the police, who registered a case after probing the matter.

Cyber Crime ASI Jagroop Singh said they were investigating the case and trying to trace the account details to identify the suspect. The police were also trying to determine how he managed to convince the victim to invest such a large amount of money.

The police are taking the help of cyber experts to track the suspects. They are also analysing call records and account transactions to gather more evidence. The police have advised people to be cautious while investing in the share market and to verify the authenticity of investment schemes before transferring any money.