Pune, 31 July 2025: Incidents of cyber fraud involving fake promises of high returns from the stock market are on the rise in Pune. In a recent case, a young man from Chaturshringi was allegedly cheated of ₹44.81 lakh by fraudsters posing as representatives of a trading company.
According to police, the incident began in February when the victim received a message on his phone from an unknown number. The sender introduced himself as an official representative of a share trading company and offered attractive investment plans with high returns.
Initially, the victim received some minor returns, which helped build trust. Encouraged by the results, he continued transferring money in multiple instalments to various bank accounts, total ₹44.81 lakh. However, after a point, both the returns and his principal amount stopped. Realizing he had been duped, the youth approached the Chaturshringi Police Station and filed a complaint.
Police have registered a case against unidentified cyber fraudsters and have launched an investigation under the supervision of Police Inspector Ashwini Nanavare.
Police officials said such scams are becoming increasingly common, with fraudsters exploiting people’s interest in quick stock market gains. Authorities have once again urged citizens to verify all financial claims and avoid dealing with unknown sources online.
