Dindori doctor loses Rs 3.64 crore in share market scam

Dindori: In a shocking case of cyber fraud, a doctor from Dindori has allegedly lost Rs 3.64 crore after being trapped by fraudsters who promised him high returns on share market investments.

Following the doctor's complaint, the Rural Cyber Police have arrested one suspect in connection with the case and recovered part of the defrauded money.

According to the police, the arrested suspect is from Madhya Pradesh. He reportedly convinced the doctor that he could help him earn huge returns by investing in the stock market.

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Believing him, the doctor invested a large amount of money. However, the doctor did not receive any returns. When he realised that no profits came from the investments, he started suspecting them.

Upon realising that he was duped, the doctor approached the police and filed a complaint with the Rural Cyber Police. During the investigation, the police located the bank account where money was transferred and found that ₹1.5 crore had been deposited in the suspect's account.

Acting swiftly, the police set up a trap and arrested him. While the police have recovered some of the money. Further investigation is on to identify others who took the rest of the amount.

Police told The Free Press Journal, "The suspect had been working with cyber criminals and had been taking commissions in his own account."

Medical Dialogues had earlier reported that a doctor and his friend, a retired police officer, were allegedly cheated in a fake investment scheme and lost Rs 1.44 crore after being promised very high returns from companies that supposedly dealt in share trading.

The fraud took place over the two years during which the accused convinced the doctor and his friend 67-year-old former police officer, a resident of Kalyan in Maharashtra's Thane district, to invest large sums in companies engaged in share trading, promising unusually high returns.

Also read- Investment Scam: Thane doctor, retired police officer duped of Rs 1.44 crore