Co-op society staffer duped of Rs 52.6L in share market scam | Hubballi News


Co-op society staffer duped of Rs 52.6L in share market scam

Bagalkot: An employee of the Hungund Cooperative Society was allegedly cheated of Rs 52.6 lakh by online fraudsters who lured him through a Facebook advertisement promising high returns from share market investments.According to the complaint, the victim registered after seeing the advertisement and was later contacted by persons claiming to be investment advisors. They collected his Aadhaar, PAN and bank details and persuaded him to invest in share trading.Following their instructions, he transferred money through Google Pay and RTGS to multiple bank accounts between July 30 and Sept 15. In all, he paid Rs 60.3 lakh.To gain his trust, the fraudsters returned Rs 7.7 lakh initially, leading him to believe the investment was genuine. However, they later stopped responding and failed to return the remaining money.After realising he had been duped, the victim lodged a complaint. Bagalkot CEN police have registered a case and begun an investigation.



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