Retired Officer Loses ₹1.15 Crore in Cyber Fraud in Patan

Retired Officer Loses ₹1.15 Crore in Cyber Fraud in Patan

A retired government officer from Patan has fallen victim to a cyber fraud, losing ₹1.15 crore. The incident took place between March 1, 2025, and April 10, 2025. The victim, 61-year-old Arvindbhai Ramabhai Patel, reported that unknown cybercriminals transferred large sums from his wife’s bank account to different accounts. They did this 26 times, tricking him into believing he would make a profit.

The scammers transferred ₹1,17,06,000 from Mrs. Patel’s account. They initially returned ₹2,05,000 to gain the couple’s trust. However, they did not return the remaining ₹1,15,01,000. This raised suspicion and prompted Mr. Patel to file a complaint with the Patan Cyber Crime Police.

When he approached the police, they registered a case under several sections of the Indian Penal Code (IPC) and the Information Technology Act. The police officer in charge, P.V. Vasava, began the investigation immediately.

Cyber fraud cases have been on the rise in India, with many falling prey to promises of unrealistic returns. Victims often lose their life savings in these scams. The police advise the public to be cautious when dealing with investments that seem too good to be true. They recommend verifying the credentials of companies before making any financial commitments.

In recent years, there have been numerous cases similar to Mr. Patel’s. Many individuals have reported large losses due to cybercriminals who exploit trust and manipulate information. The police are working to track down these criminals and have urged victims to come forward and report such incidents to help prevent further scams.

This incident serves as a reminder of the importance of cybersecurity awareness. As technology continues to advance, so do the tactics of cybercriminals. It is essential for people to educate themselves about safe online practices to protect their finances and personal information.

The Patan Cyber Crime Police are actively investigating this case, hoping to recover the lost funds and bring the culprits to justice. They have asked anyone with information about the scam to come forward and assist in the investigation. The authorities are committed to combating cyber crimes and ensuring the safety of citizens in the digital world.

In conclusion, Mr. Patel’s unfortunate situation highlights the dangers of cyber fraud. It is vital for everyone to remain vigilant and take necessary precautions to safeguard themselves from such threats. Always remember, if an offer seems too good to be true, it probably is. Stay safe online, and report any suspicious activity to the authorities immediately.

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