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Cricket (Sport)

Pune Engineer Loses Rs 1 Crore to Online Cyber Fraud

Strategic Insights

— 1 min read

A 35-year-old director of an engineering company in Pune fell prey to an online cyber fraud scam, losing Rs 1 crore to fraudsters claiming to offer him a franchise of a multinational pizza restaurant chain. The probe suggests that the complainant made over a dozen transactions to multiple bank accounts between June 9 and July 7. This case is one of several similar cyber frauds reported from across India, all using the name of the same pizza restaurant chain.

Key Takeaways:

  • The complainant, a 35-year-old director of an engineering company, was cheated out of Rs 1 crore by online fraudsters posing as representatives of a multinational pizza restaurant chain.
  • The scam involved over a dozen transactions between June 9 and July 7, with the complainant being asked to pay various fees and charges for the franchise outlet.
  • The complainant was told that the franchise outlets would be located in Mumbai and Pune, as well as at the Pune International Airport.
  • The total amount of payments made by the complainant came to over Rs 1 crore in less than a month.
  • A probe has been launched into the cell phone numbers, email addresses, and bank accounts used by the cyber fraudsters.
  • The police have registered an FIR at the Bhosari MIDC police station in Pimpri-Chinchwad.
  • Similar cases of cyber frauds have been reported from across India using the name of the same pizza restaurant chain.

Statistics:

  • Rs 1 crore: the amount lost by the complainant to the online cyber fraud scam.
  • 12: the number of transactions made by the complainant to multiple bank accounts between June 9 and July 7.
  • Rs 2.65 lakh: the initial processing fee paid by the complainant to the fraudsters.
  • Rs 6 lakh: the charges asked for by the fraudsters for a no-objection certificate (NOC).
  • Rs 7.5 lakh: the initial payment asked for by the fraudsters towards purchasing machinery for the outlet.
  • Rs 20 lakh: the amount asked for by the fraudsters for interior decoration of the franchise outlet at the Pune International Airport.
  • Rs 82 lakh: the franchise fees proposed by the fraudsters for the outlets in Pune and Mumbai during the upcoming cricket World Cup.
  • 33 days: the time span during which the complainant made payments amounting to over Rs 1 crore to the fraudsters.

Sources:

  • IE Online Media Services Pvt. Ltd., distributed by Contify.com.

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