Six people lost Rs. 7,71,732 to fraudulent online investment applications, but the Cyber Police Station of the Mira Bhayandar Vasai Virar (MBVV) Police Commissionerate has successfully retrieved the money in a major breakthrough. False social media ads that promised large rewards enticed the victims.
The six complainants made varied investments in fraudulent investing applications that were advertised on Facebook, Instagram, WhatsApp, and Telegram between April and October 2024. These applications promised to provide significant profits on cryptocurrency, stock market, FX, and mutual fund investments. The investors discovered they had been duped, nevertheless, when they received no returns after completing the payments.
The Cyber Police promptly registered cases and posted them on the National Cyber Crime Reporting Portal (NCCRP) after receiving the complaints. The suspected bank accounts where the illicit payments were moved were frozen as a result of prompt action.
The recovered funds for each complaint are broken down as follows:
- Mr. Gupta – Rs. 1,56,000
- Mrs. Khan – Rs. 35,623
- Mr. Pathak – Rs. 1,50,000
- Mr. Prajapati – Rs. 1,90,000
- Mr. Yadav – Rs. 1,56,000
- Mrs. Prajapati – Rs. 84,109
The complainants were instructed to submit court applications for recovery once the money were frozen. The court ordered the repayments after the Cyber Police provided thorough reports. Now, the whole sum owed to each of the six complainants has been returned to their original bank accounts.
Public Advisory on Online Investment Scams:
The police have strongly advised the public to stay away from internet investment frauds. Important safety measures consist of:
Social media promotions that promise abnormally large profits can not be trusted.
Before utilizing any trading or investing app, be sure it is legitimate.
Don’t click on dubious sites or download unreliable software.
Watch out for WhatsApp or Telegram groups that display phony screenshots and testimonies.
Avoid falling for fake SEBI certifications or other similar papers.
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