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Mumbai: Man siphons Rs 82 lakh off stock broking company; search on

by Staff Reporter April 2, 2019 7:42 am
written by Staff Reporter April 2, 2019 7:42 am
Mumbai: Man siphons Rs 82 lakh off stock broking company; search on


Mumbai: Juhu police has booked an unidentified person for cheating a stock broking company to the tune of Rs 82 lakh by hacking into the complainant’s phone. The fraud was reported on last Wednesday when a company executive of the brokerage firm approached police, claiming he was cheated.

According to police, the 43-year-old complainant, who did not wish to be named, claimed someone had hacked into his phone and got access to his banking system after which the money was siphoned off.

Police said, from March 24 to March 25, the accused had hacked into the complainant’s phone and accessing the banking system. The unidentified accused then approached the bank and claimed he is the account holder and later made online transactions to the tune of Rs 82 lakh, which was deposited in different bank accounts.

Police registered a case of cheating (section 420) under relevant sections of the Indian Penal Code and section 66(c) and (d) of the Information Technology Act. “The investigation is underway and police are scrutinising every bank transaction made from the complainant’s account. The arrest is yet to be made,” said Paramjit Singh Dahiya, DCP (zone 9).

cheatedFraudJuhu policestock broking company


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