Pune businessman falls victim to Bitcoin scam, loses 23.24 lakh
PUNE A city-based businessman was tricked into investing in a Bitcoin trading system and lost ₹23.24 lakh, the police said. The incident took place between April 9 to April 11.
A case has been registered at the Chandan Nagar police station under sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and other relevant sections of the Information Technology Act. (REPRESENTATIVE IMAGE)
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According to police, a 45-year-old businessman from Pune’s Kharadi area received a message from an unknown person claiming to be a Bitcoin trader and offering him a part-time job offer. Furthermore, the defendant offered him an investment opportunity in Bitcoin. The defendant is said to have promised the businessman a high return on his investment within a short time.
Police said the victim initially made a decent profit which encouraged him to pump more money into the Bitcoin investment scheme. Between April 9 and April 11, the victim was transferred ₹23.24 lakh into various bank accounts of the accused as directed. But instead of a return on investment, the defendant demanded more than ₹12 lakhs.
Realizing that he had fallen victim to a scam, the businessman filed a complaint at the Chandan Nagar police station on April 21.
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Rameshwar Ravale, investigating officer, said, “We have registered a case of cheating against an unknown person and further investigation into the matter.”
A case has been registered at the Chandan Nagar police station under sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and other relevant sections of the Information Technology Act.
