Ahmedabad Restaurant Owner Loses Rs 1.42 Crore in Large-Scale Cyber Fraud

Strategic Insights -

A restaurant owner from Ahmedabad's Memnagar area has been defrauded of Rs 1.42 crore through a sophisticated cyber scam. The scammer, who posed as a member on a matrimony app, convinced the victim to invest in a USDT trading platform, promising high returns. The scammer allegedly used identity theft and intentional deception, sharing photos of a real person, Reena Sharma, to create a fake profile. The victim, a businessman, transferred Rs 35,000 to a bank account and continued investing, losing a total of Rs 1.42 crore through bank transfers, UPI payments, and deposits.

Key Takeaways:

  • The scam was executed through a fake profile on a matrimony app and a fraudulent trading platform.
  • The scammer allegedly used identity theft and intentional deception by sharing photos of a real person, Reena Sharma.
  • The victim was convinced to invest in a USDT trading platform, promising high returns, and transferred Rs 35,000 to a bank account.
  • The scammer demanded "profit taxes" from the victim, making it seem like they were unable to withdraw their money.
  • The matter was reported to the national cybercrime helpline on June 24, and a complaint was later filed with the cybercrime police.
  • Investigations revealed that the total amount lost through bank transfers, UPI payments, and deposits was Rs 1.42 crore.

Statistics:

  • Rs 1.42 crore was lost through the scam.
  • The scammer allegedly used identity theft and intentional deception.
  • The scam was reported to the national cybercrime helpline on June 24.
  • The victim transferred Rs 35,000 to a bank account initially.
  • The scammer demanded "profit taxes" from the victim multiple times.

Sources:

  • "Cyber Fraud: Ahmedabad Restaurant Owner Loses Rs 1.42 Crore", The Times of India.