Pune's Biggest Share Market Fraud: Senior Citizen Loses ₹22 Crore After Selling Company

• An 88-year-old senior citizen in Pune's Magarpatta area was defrauded of ₹22 crore in a share market investment scam.
• The victim, originally from Gurugram, had recently sold his factory in Hadapsar industrial area during the COVID-19 pandemic, receiving a large sum.
• Cyber thieves contacted him in October last year, promising high returns on share market investments.
• Initially, the victim invested a small amount and was shown fake returns, but never received actual money.
• The fraudsters then coerced him into depositing a total of ₹22.03 crore into various bank accounts for different reasons.

Why It Matters: An 88-year-old Pune resident lost ₹22 crore in a share market fraud after selling his factory.