Retired Pune Banker Loses Rs 5.63 Crore in WhatsApp Trading Scam

• A 68-year-old retired banker from Karvenagar, Pune, filed an FIR after losing Rs 5.63 crore in an online stock trading scam.
• The scam began in June 2022 when he clicked a Facebook ad promising high returns, leading to WhatsApp contact with fraudsters.
• Scammers used a fake trading app, initially showing small profits to build trust, then diverted large investments into their accounts.
• The victim invested over three years, believing his portfolio was growing, until withdrawal attempts were met with demands for more payments.
• He was asked to pay 'tax' and 'clearance fees' to unfreeze his account, eventually realizing the fraud when contacts disappeared.

Why It Matters: A retired Pune banker lost Rs 5.63 crore in a sophisticated WhatsApp trading scam over three years.