Sunil Lohan
A 53-year-old businessman and an elderly woman lured by a reliance company’s name lost a total of Rs.1.3 crore to online investment fraud and approached East Division cyber crime police seeking help .
The victim,in his complaint on thursday said that he received a whatsapp message on his mobile on July 17 from an unknown number sharing Reliance Capital Limited Primary Market Account Registration Form .
They offered him to deposit Rs.50,000 promising higher returned in a day’s times.Out of curiosity,Mr.Prasad invested the money to their account and saw a 5 per cent profit the next day.
He wanted to sell the shares but the other investors in the group suggested him to continue and go for higher investment.Following the advise he invested huge sum of money and realized that he has been trapped.
In his complaint,he said that he allotted a total of 42381 shares after making the payment of Rs.18,99,940.23.
They asked him to close the trade and showed the profit of 120 per cent.
When Mr.Prasad insisted to withdraw the money everytime,they lured him into one or the other excuses and made him to invest more and more offering to get maximum returns.
“When I applied for the 2nd IPO (Initial Public Offering),I was allotted 109824 shares & the amount required was Rs.81,09,404.16,shortage of Rs.35,01,000,I told that I was unable to pay this amount,they told that if I dint pay this amount all the other money cannot be refunded,to arrange for this money and to withdraw.
Later they told him that the Reliance Capital will provide the short term loan for this amount and to repay within 5 days and told that him that he can withdraw all the money.
“I told i require more time to repay, when I paid back this amount,they told to sell the IPO & showed the total profit Amount to Rs.1,26,28,000.After this they told me to apply for the withdrawal of the money.
When I applied,they told I had to pay 15 per cent Brokerage charges of the profit amount,that is Rs. 11,00,000.Mr.Prasad said in his complaint.
After paying the amount they told to pay 10 per cent custodian charges of Rs.12,00,000.This is when he got a doubt and enquired with his friends.
His friends advised him that he has been trapped and as per them,the Brokerage charges and custodian charges are not to be paid by us.
In a similar incident,63 year old ,a retired employee and resident of Kodihalli, lost Rs 76 lakh to similar modus operandi and filed a complaint with the East Division cyber crime police on Thursday.
She came in contact with the accused who added her to Reliance user exclusive service Group in July 2.
She started investing in pull up stocks,Block trade and IPO(Initial public Offering) invested through group called Reliance Primary Market limited as mentioned hence of Transferred The Money total worth Rs.76,55,264.
In her complaint,she said that she stopped investment August 22 and asked for withdrawal of amount they are demanding 10 per cent brokerage amount for the profit gained.
She requested them to Deduct the brokerage amount from her account but they insisting to pay brokerage amount and not allowing to draw my amount.The victim requested them to allow to withdraw investment and demanded her to invest more and more money .
