Odisha: Cyber scammers cheat Odisha IT professional of Rs 42 lakh | Bhubaneswar News – Times of India

BHUBANESWAR: An IT professional from Koraput district of Odisha has lost Rs 42.67 lakh to cyber scammers, who offered him high returns in a short period in online share trading.
The 28-year-old victim, who refused to be named and identified, lodged a complaint with the cyber cell of the state Crime Branch in Cuttack on December 28.
The complainant said a woman contacted him via WhatsApp on October 11 and introduced herself as a trading agent. After a brief formal interaction, the woman sent him screenshots of some successful investors and overnight growth of their portfolios (investments).
“When I inquired further, she sent me successful bank transactions of their existing customers. I agreed and invested some money. I got Rs 9,500 return in quick time. After gaining my trust, they enticed me to invest more, which I did,” the victim complained.
Crime Branch said the complainant invested huge money and paid 30% of his total investments to get back his initial deposits as well as the profits. In total, he paid around Rs 42.67 lakh.
“When he did not receive any money, he realised he had been cheated. The woman, who had been calling her, did not receive his calls anymore. We are trying to locate the cyber criminals,” a Crime Branch officer said.
The police have registered a case under sections 419 (cheating by personation), 420 (cheating), 465 (forgery), 468 (forgery for purpose of cheating), 471 (using forged documents to be genuine), 120-B (criminal conspiracy) and 34 (act done by several persons with a common intention) of the IPC and other relevant section of the IT Act 2000.
Police said such type of fraud has become one of the most common modus operandi these days and many fraudsters were operating from different parts of the country to widely publicise investment schemes on social media platforms like Facebook, Twitter, Instagram, YouTube, Telegram, etc. The crooks use fancy product names claiming to double the investment of the investors in no time.
Cyber crimes continue unabated notwithstanding massive awareness campaigns organised by the police and government in regular intervals. In the last few days, the state Crime Branch has been flooded with several fraud cases. While cyber criminals fraudulently withdrew Rs 10.10 lakh from the bank account of a senior IPS officer’s wife, a Koraput-based man lost around Rs 75 lakh to cyber crooks, who offered him Rs 1.5 crore insurance bonus.