Synopsis: A seasoned bank manager, Jitendra Parmar, became the latest victim of cyber fraud, losing Rs. 42 lakh after being lured by promises of high returns through a fake demat account. Parmar, 59, was duped via social media into making transfers across multiple banks. When he realized he’d been scammed, he reported the incident to the authorities, leading to an investigation into the fraudulent scheme.
Jitendra Parmar, a 59-year-old manager with the Central Bank of India, lost Rs. 42 lakh to cybercriminals who manipulated him into investing in a fraudulent demat account.
The scheme began in early July when Parmar clicked on a link shared via Telegram, which claimed to offer substantial returns from stock investments.
Upon accessing the link, Parmar was added to a WhatsApp group called "Chandra Takal Stock Group 2" where scammers presented a façade of legitimate financial operations, even using the name of a reputable Japanese investment firm to gain his trust.
The criminals instructed Parmar to set up a demat account on a specified website and transfer funds, promising high returns on his investment.
Over the course of nearly two months, between July 7 and August 30, Parmar transferred his funds into accounts with Bandhan Bank, UCO Bank, ICICI Bank, and Bank of Maharashtra.
However, when he tried to redeem his investments, his requests were consistently blocked, raising suspicions.
After contacting the supposed company, Parmar discovered that the demat account was fraudulent, with no legitimate ties to the advertised investment opportunities.
Realizing he had fallen victim to a well-orchestrated scam, Parmar promptly called the cybercrime helpline and filed a First Information Report (FIR) with the police.
The FIR detailed the specifics of the crime and named the banks involved in receiving the funds.
Cybercrime officials are currently investigating the incident to trace the accounts used in the fraud, hoping to identify and apprehend those responsible.
In conclusion, this incident highlights the rising threat of cyber scams targeting individuals with deceptive promises of quick financial gains.
Parmar’s experience serves as a reminder for everyone to exercise caution, especially with online investment opportunities, and to verify the authenticity of financial entities before transferring funds.
Authorities continue to encourage the public to report any suspicious activity immediately to prevent further victimization.
Disclaimer: This article is based on information available through public sources. For updated or official information, please refer to verified news outlets and consult local authorities for any further developments.
