Share Trading Scams: Punekars Lost Over ₹98 Crore in Six Months

In the past six months, cyber police have received total of 1894 complaints of cyber fraud. Of these, 669 complaints were successfully addressed.
Share Trading Scams: Punekars Lost Over ₹98 Crore in Six Months

Pune: The city of Pune is witnessing a significant increase in online fraud cases, with over 1,000 complaints filed with the cyber police from January to June 30, 2024. According to police reports, these cases have resulted in financial losses exceeding ₹98 crore.

The Pune Police Cyber Branch has been dealing with a rising number of fraud cases for several months, yet many of these cases are still under investigation.

Recently, numerous incidents of money lost in share trading scams have come to light. The police have urged citizens to exercise caution, remain vigilant, and stay alert to prevent falling victim to such frauds.

Over 1,000 Complaints Pending:

In the past six months, the cyber police have received a total of 1,894 complaints of cyber fraud. Out of these, 669 complaints have been successfully addressed by the cyber police.

Share Trading Scams Dominate:

The majority of the fraud cases, 459 in total, involve scams related to share trading, with fraudsters luring victims with promises of high returns. These cases account for a total loss of ₹64.45 crore.

Daily Average of ₹1 Crore in Fraud:

Cybercriminals are increasingly using social media platforms such as WhatsApp, Instagram, and Facebook to target unsuspecting citizens. Statistics from the past month reveal that approximately ₹1 crore is lost daily to cyber fraud.

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