The Indian doctor lost about 100 million rupees. He was lured in with the promise of a high return and paid 6.3 million yen (approximately $70,000) for the fraud. The 69-year-old doctor from Ahmedabad, who has been practicing for 30 years, reported the incident to the city’s cyber crime wing in the area.
According to a complaint filed at a police station, the doctor was initially contacted on WhatsApp by someone claiming to be an investment assistant at a well-known company. He introduced himself to his victims and introduced them to the types of assets he could help people trade by listing them, such as stocks and digital assets.
This man claimed that if he invested his money in the company’s investments, he would be guaranteed a profit. investment scheme. After some time, the doctor said he was impressed with the suspect and agreed to invest.
Indian doctors lose money in fraudulent investment scheme
The Indian doctor claimed that after agreeing to the investment, the suspect added him to a WhatsApp group consisting of several members. he claimed While this group consisted of people interested in investing, there were also people who had already invested and were benefiting from their investments. He claimed that people other than the suspects were administrators of the WhatsApp group and directed the day-to-day operations on the platform.
The Indian doctor claimed that while he was part of the group, some members sent the group a bunch of screenshots showing what they had obtained so far while thanking the suspects and accomplices. After some time, the doctor claimed that the criminals asked him to download an application and gave him specific steps to follow. He stressed that after following the steps and investing, the balance was displayed on the app, which made him trust the suspect and the investment.
Over time, the doctor claimed to have transferred Rs 100 million. 64 to several bank accounts provided by the scammer. However, the fraud was discovered when the doctor tried to withdraw the funds. The scammers demanded that he pay Rs. 16.91 billion to access his funds.
Indian police also confirmed that a charge sheet has been registered against five persons under BNS sections 316 (criminal breach of trust), 319 (fraud by impersonation), 336 (forgery), 340 (forgery of documents or electronic records and use as genuine) and 61(2A) (conspiracy).
India plans to bring in federal agencies to tackle criminal activity
As another year comes to an end, Spread of cybercrime Scammers continue to wreak havoc in India whenever they get the chance. Scammers are committing all sorts of criminal activities as the country continues to grapple with the industry’s failure to enact the necessary laws to protect users.
Over the past few months, fraudsters have carried out various types of attacks to steal funds and digital assets from domestic and international victims.
India has also had some success against criminals, with recent news highlighting how India’s Central Bureau of Investigation (CBI) has fared. collapsed A sophisticated transnational criminal organization targeting U.S. citizens. The operation was carried out in cooperation with the United States Federal Bureau of Investigation (FBI), and several suspects were arrested in the investigation.
According to the report, the network has been in operation since 2022 and approximately $8 million has been stolen through these scams.
Meanwhile, there is talk of the government introducing a central agency to oversee the issue. These issues span several activities including cryptocurrency theft, fake investments, digital arrests, and more. The report highlighted that criminals usually carry out these activities with the idea of stealing from their victims. When victims finally send money, they go through several mule accounts before transferring it to cryptocurrency and sending it out of the country.
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