Online Investment Fraud: HR Manager Loses Rs 36.74 Lakh
An HR manager in Navi Mumbai lost Rs 36.74 lakh in an online investment scam. A woman, claiming to represent a SEBI-registered firm, promised high returns, leading to his substantial investments. A case has been filed under the Bharatiya Nyaya Sanhita and the IT Act against unidentified persons.
- Country:
- India
An HR manager reportedly lost Rs 36.74 lakh in an online investment scheme, according to Navi Mumbai police.
The victim was contacted by a woman who claimed to be from a SEBI-registered firm, luring him with promises of high returns in share trading, a source from Nerul police station revealed.
He was initially enticed by a Rs 50,000 profit before making larger investments. However, when he could not withdraw his earnings, the HR manager realized the deception. A case has been registered against unknown individuals under relevant laws.
(With inputs from agencies.)
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- online investment
- fraud
- HR manager
- Navi Mumbai
- SEBI
- share trading
- scam
- police
- breach of trust
- IT Act
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