An elderly person was cheated of Rs 11 crore by luring him with good returns on investment in the stock market.

Mumbai: A 75-year-old senior citizen was duped into a cyber fraud of Rs 11 crore by promising him high returns on stock market investments. A gang of cyber thugs trapped an elderly man on the basis of a fake mobile application in the name of a big broking company of the country. Cyber ​​police have registered a case in this matter and have started continuous action to arrest the accused.
The 75-year-old complainant is a resident of Colaba and had retired as a ship captain in 1985. After this he was working in a private company. From there he retired as Operations Manager. He was added to the WhatsApp group last August by a woman named Anaya Smith. He formed this group in the name of a big broking company of the country.

The complainant was lured with huge profits on investing through this company. Believing this the complainant decided to invest.

The accused woman had sent a link to the old man and on clicking it, a fake app of a renowned broking company was downloaded. The accused promised to open a demat account.

The elderly man was receiving messages through chat asking him to invest in various stocks. The complainant was asked to deposit money in various bank accounts for investment.

On the request of the woman, the complainant deposited about Rs 11 crore 11 lakh through 22 transactions. Users may see good profits on mobile apps. When he tried to withdraw the amount, he was asked to pay 20 percent service tax. Therefore the complainant became suspicious. He went to the office of the broking company located near Lower Parel and made enquiries. Then the concerned application was found to be fake.

Ultimately in this matter he called the Cyber ​​Police helpline number 1930 and complained about the incident. The police have conducted further investigation on the basis of the bank account of the accused.