Share Trading Profits: Couple Duped of ₹60 Lakh in Fake Trading Scheme

Fraudster gained the couple's trust by delivering a profit of ₹42,000 after their initial investment.
Cyber Police Station, Pune Police
Cyber Police Station, Pune PoliceThe Bridge Chronicle
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Pune: A couple from Pune fell victim to a cyber scam that resulted in the loss of ₹60.09 lakh. The 46-year-old complainant, a furniture businessman residing in Dhankawadi, reported the incident to the cyber police.

According to the complaint, the cybercriminals lured the couple with promises of substantial profits through share trading, which led to the scam occurring between July 20 and August 29, 2024.

Cyber Police Station, Pune Police
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Initially, the fraudster gained the couple's trust by delivering a profit of ₹42,000 after their initial investment. Encouraged by this, the complainant continued to invest, and soon, their trading app displayed a profit of ₹2 crore.

However, when they attempted to withdraw the funds, they were informed that a 25% tax was required. It was at this point that the couple realized they had been defrauded. They promptly filed a complaint at the cyber police station, where Inspector Yashwant Nikam is leading the investigation.

Authorities are currently tracing the origins of the scam and have warned the public against falling for similar trading schemes that promise unrealistic returns.

Cyber Police Station, Pune Police
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Exiled Criminal Arrested After Threatening Public with Pistol in Pimpri

Pimpri police have arrested an exiled criminal, Ganesh Bhunga Kamble, for brandishing a pistol and spreading fear in the community.

The incident occurred on Saturday night in Niradharnagar, where Kamble, aged 21, arrived with an accomplice and began waving a pistol in the air, threatening residents. The police seized a pistol and two live cartridges valued at ₹51,000.

Kamble, who had been exiled from the areas under the jurisdiction of Pimpri-Chinchwad Commissionerate, Pune City, and District for two years, returned with Taufik alias Taufya Chand Shaikh, who managed to escape the scene.

The situation escalated as Kamble shouted threats, declaring his dominance in the area and intimidating residents by stating, “We are the bosses here, we have weapons, and no one should cross us.”

Upon receiving information about the incident, Pimpri police immediately responded and apprehended Kamble, though Shaikh managed to evade capture.

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