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Pune businessman falls prey to Bitcoin fraud, loses ₹23.24 lakh

Pune Businessman Falls Prey To Bitcoin Fraud, Loses ₹23.24 Lakh

PUNE A city-based businessman was tricked into investing in a Bitcoin buying and selling scheme and misplaced 23.24 lakh, stated police. The incident occurred between April 9 to April 11.

A case has been registered at Chandan Nagar police station underneath sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and different related sections of the Data Know-how Act. (REPRESENTATIVE PIC)

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In response to the police, a 45-year-old businessman from Kharadi space in Pune obtained a message from an unknown particular person claiming to be a Bitcoin dealer and provided him a part-time job provide. Additional, the accused provided him an funding alternative in Bitcoin. The accused allegedly promised the businessman excessive returns on his funding inside a brief time frame.

Police stated, the sufferer initially obtained first rate revenue which inspired him to pump more cash into Bitcoin funding scheme. Between April 9 to April 11, the sufferer transferred 23.24 lakh into varied financial institution accounts of the accused as instructed. Nevertheless, as a substitute of returns on funding, the accused demanded greater than 12 lakh.

Realizing that he had fallen sufferer to a rip-off, the businessman lodged a criticism with the Chandan Nagar police station on April 21.

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Rameshwar Ravale, investigation officer, stated, “We have registered a case of cheating against an unknown person and further investigating the case.”

A case has been registered at Chandan Nagar police station underneath sections 409, 419, 420 and 34 of the Indian Penal Code (IPC) and different related sections of the Data Know-how Act.

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