Army official loses ₹20L in trading fraud

Chandigarh: Online swindlers cheated an Army official of approximately Rs 20 lakh under the guise of offering substantial returns on online trading and Bitcoin investments.
Despite investing the funds, the complainant neither got any profit nor recovered the invested sum. Based on the army official's statement, the cyber cell of UT police has registered a cheating case against unidentified persons and started an investigation.
The complainant, Kiran Nanat, a resident of Sector 32, said she was posted at Chandimandir Cantt, Panchkula. On Sept 6, 2023, the complainant received a message on her WhatsApp number pertaining to online and cryptocurrency trading.
She allegedly accessed the link and joined a group where she was enticed by the prospect of significant profits from online investments in cryptocurrencies. She began investing funds in Bitcoin trading by online transferring money to the accounts provided by the scammers.
Nanat claimed that she transferred a cumulative sum of Rs 19,99,220 to various accounts provided by the fraudsters during Sept 2023. However, when the scammers failed to deliver any profits and persistently demanded additional investments, the complainant realized that she had fallen victim to an online fraud and lodged a complaint with the cyber police station in Sector 17. Along with the complaint, Nanat submitted all transaction details, screenshots of conversations, and links sent by the scammers to the cyber police. Upon verifying the information, the police registered a case against unknown people and have been examining the accounts to which the complainant transferred funds.