Pune baker loses Rs 1.8 cr in share trading fraud

A PUNE based baker in her 30s, who has been doing stock trading on the side, fell victim to an elaborate online share trading fraud in which she lost a staggering Rs 1.8 crore over a period of two months. She was lured with a promise of five times returns after she clicked on a social media link and was added to a phone messenger group which misused the name of a global investment banking major.

A First Information Report in this regard has been registered at Cyber Crime police station of Pune city by a woman who runs a bakery business and has also been doing stock trading for the last few years.