Mumbai doctor duped of Rs 25 lakh in online trading fraud

Initially, the platform appeared to show significant profits, giving the illusion that the investments were yielding high returns. Encouraged by constant follow-ups and personalized assurances from a woman in the group, the doctor continued investing, ultimately transferring around ₹25 lakh over a span of weeks.

However, trouble began when he attempted to withdraw his earnings. All withdrawal attempts were denied. The fraudsters then fabricated a new hurdle, claiming that his “score” was too low to permit a payout and demanded further investment. When the doctor refused to send more money, communication ceased abruptly.

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During the investigation, police tracked the flow of funds and discovered that two accused had allegedly opened and provided several bank accounts to cyber fraudsters. These accounts were used to launder money from multiple victims, including the doctor. In return, the accused received commissions for facilitating the transactions.

Authorities believe the arrested individuals are part of a wider network and are working to identify the masterminds behind the operation. They have also issued a warning to the public to exercise caution when approached with investment opportunities online, especially those promising unusually high or guaranteed returns.