A 28-year-old student enrolled in an MBA program at a school in Nagpur, Maharashtra, was allegedly tricked out of Rs 23 lakh after being promised massive earnings on cryptocurrency investments, the police stated.
The fraudster, who duped as an funding advisor, approached the student by means of the web messaging platform Telegram in November of final 12 months. The scammer baited the student into investing in a cryptocurrency scheme that promised him good returns.
The student, who hailed from Hooghly in West Bengal, deposited round Rs 1,000 into an unknown checking account as requested by the particular person and later obtained Rs 1,400 again. The officers stated that the cybercrook gained the scholars’ belief in the scheme by means of this.
The student later ended up depositing an mixture quantity of Rs 23 lakh into the identical checking account over a time frame with the hope of getting comparable returns.
Nonetheless, he didn’t receive the promised returns, nor was he capable of get better the invested quantity, the official stated.
A case has been registered below particular provisions of the Indian Penal Code and the Data Know-how Act. A probe into the identical is underway.
(with inputs from PTI)
MBA student from Nagpur loses Rs 23 lakh in a Telegram crypto fraud www.businesstoday.in 2024-04-10 21:48:24
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