Excelsior Correspondent
Srinagar, Jan 28: Cyber Police Kashmir today said to have saved Rs 30 lakh invested in fake online trading.
In a statement issued, police said that it received a complaint from a senior citizen of Srinagar City, stating therein that an amount of Rs 11 lakhs has been fraudulently withdrawn from his bank account regarding which he has no knowledge.
Accordingly, police said, Cyber Police Kashmir started an investigation promptly into the matter.
Preliminary investigation, police said, revealed that the said Rs 11 lacs were transferred into the bank account of the complainant’s nephew.
“Accordingly, after verifying the facts from the complainant’s nephew, he disclosed that he came in touch with scammers over social media sites and they motivated him to invest in online trading to receive hefty returns and direct credit to his bank account,” police said.
As per police, he further disclosed that apart from the said amount of Rs 11 lacs, he has also withdrawn an amount of Rs 19 lacs from his father’s bank account and invested the same in online trading/investment resulting in a huge financial loss of Rs 30 lacs.
“The Cyber team coordinated with the Bank authorities to ascertain the details of these transactions, wherefrom it was revealed that the said hefty amount has been transferred through Unified Payment Interface (UPI) and Internet Banking into different online payment gateways,” police said.
The matter, as per police, was further taken up with the gateway authorities to ascertain the transaction details.
Police said that the investigation team was successful in tracing all the transactions in different online payment gateways which were being used to exchange into foreign currency and the whole amount of Rs 30 lacs was blocked and further refunded back to complainants’ bank accounts.
Police said that the general public is advised not to fall prey to the fraudsters contacting them in the name of investment/trade advisors and promising undue profits within short periods.
Follow our WhatsApp channel