2 from Kolkata residents lose 3.7 cr to investment fraud
Times of India | 12 May 2025
Kolkata: Two Kolkata residents lost a total of about Rs 3.7 crore to cyber crooks in separate cases of investment fraud. In the first case, a woman from New Town was duped of nearly Rs 2.3 crore earlier this year.
But the matter came to light only after the victim lodged a complaint with cyber cops last month. Acting on the complaint, Bidhannagar Cyber Crime Police managed to track down the key accused Shyam Sundar Jha, who allegedly had direct link to the embezzled fund, to Ranchi, Jharkhand. The Bidhannagar sleuths arrested Jha, a Darbhanga native, from Ranchi, in connection to this case. On Sunday, he was brought to Kolkata on transit remand and produced before a local court. He has been remanded into police custody.
In another case, a 51-year-old woman from Haridevpur reportedly lost Rs 1.4 crore in anonline trading scamorchestrated through a fake investment network posing as a legitimate financial services firm. She was added to a WhatsApp group of frauds posing as financial advisors after she came across a portal that displayed positive returns. When she attempted to withdraw her profits, she was asked to pay additional amounts. The cyber police station registered the case on Friday under sections 66C and 66D of the IT Act, 2000, along with multiple provisions of the BNS 2023 pertaining to cheating, forgery, and criminal conspiracy.
The woman claimed that the accused had sent forged documents bearing the SEBI logo to win her trust.
Cops have found digital footprints of the accused but none has been arrested yet.
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