CA Arrested for Cheating a Woman of Rs. 7.59 Crore by Convincing Her to Invest With Promises of High Returns

Recently, another fraud case has arisen in Faridabad, in which a chartered accountant defrauded a woman of Rs. 7.59 crore by luring her with a great amount of profit. The police started the investigation, caught the criminal, and right now, he is in custody. The case is an example of financial fraud. The lady lives in Sector-15, Faridabad. During the investigation, the lady said that she had been trading in the stock market for two years. On January 4, 2024, while she was scrolling on Facebook, she found a link related to investment in the stock market. When she clicked on the link, she was directed to a WhatsApp group, where she saw great profit opportunities. Because of these heavy promised profits, the women got attractive to them and decide to made an investment.

She made an account on an unfamiliar app and first made an investment of Rs. 61 Lakhs.

The accused first asked the lady to open an account on an application and then asked her to made an investment of Rs. 61 Lakhs. Then the man further lured her with more money promises and asked her to open a second account on another applicationa and invest more money in it. After making numerous transactions, the accused collected a total of Rs. 7.59 crore from that lady. The police have also arrested an involved person in the same case, named Saranakanta of Nagagonda Nahalli village in Bangalore. he is also a chartered accountant. In this case, the woman was convinced to open fake accounts on distinct platforms and then was asked to submit the defrauded amount in the account of a firm. At the time of investing, it was found that a total of Rs 7.55 crore money was deposited in the account of that firm.

The accused is now in custody and taken on 10-day remand for interrogation

The police arrested the criminal and took him on a 10-day remand period where further interrogation is going on. The accused had also filed an anticipatory bail petition in the High Court, but the court rejected it. Now, the police are working hard on the case and trying to gather more information from the accused. The case is becoming a great challenge for the entire police department in Faridabad. Till now, Faridabad police have arrested a total of 22 people accused of being involved in such financial frauds.

Exercise full care and awareness before engaging in online trading or investment.

People should be completely aware and careful before involving any kind of online investment or trading. To stay safe from scams, it’s important to use only official and trusted platforms for investing. The police have said they will take strong action and will not let the fraudsters go unpunished.