Gwalior chartered accountant loses Rs 21 crore in cyber fraud after being promised high returns on investments
A 70-year-old chartered accountant from Gwalior in Madhya Pradesh lost more than Rs 21 crore over six months to cyber fraudsters who allegedly lured him into investing in a fake scheme promising “high returns”, police said.
The police have managed to freeze about Rs 1.75 crore so far and are tracing the bank accounts to which the money was transferred, an official said on Sunday.
The victim, a resident of the Inderganj area, lodged a complaint with the cybercrime branch after realising he had been cheated, following which the investigation was launched.
