Indian Air Force Officer Loses Over Rs 1 Crore in Trading App Scam

An Indian Air Force Wing Commander stationed in the Sriganganagar district's Suratgarh area was deceived by cyber fraudsters who promised to teach him stock market investment strategies through a fake trading app. The officer, who is believed to have been part of a WhatsApp group called '55 Shoonya Growth Club', transferred over Rs 1.1 crore between June 10 and August 8 after being convinced to install the fake app. However, when the officer tried to withdraw the funds, the fraudsters demanded an additional Rs 42 lakh, raising his suspicion and prompting him to file complaints with the cyber cell and the NCRP portal.

Key Takeaways:

• The victim, a serving Wing Commander in the Indian Air Force, lost over Rs 1 crore in the scam.
• The fraudsters used a fake trading app and a WhatsApp group called '55 Shoonya Growth Club' to deceive the officer.
• The officer transferred different denominations of money amounting to over Rs 1.1 crore between June 10 and August 8.
• The fraudsters demanded an additional Rs 42 lakh before the officer became suspicious and reported the incident.
• The cyber police have since frozen transactions worth Rs 7 lakh and are requesting details of other accounts involved.
• The victim has filed complaints with the cyber cell and the NCRP portal.

Statistics:

• Over Rs 1.1 crore was transferred by the victim between June 10 and August 8.
• The fraudsters demanded an additional Rs 42 lakh from the victim.
• Transactions worth Rs 7 lakh have been frozen by the cyber police.
• The scam involved multiple accounts, with the cyber police requesting details of other accounts involved.

Sources:

• [The Times of India](https://timesofindia.indiatimes.com)
• Metro News