Investment fraud: Retd IAF officer cheated of Rs 1.2 crore in Gurugram

GURUGRAM: A 68-year-old retired airforce officer has been allegedly cheated of Rs 1.2 crore by cyber crooks who offered him high returns in the lithium trade.
Retd officer Rajeev Lochan Tyagi told police that last month he received a message on WhatsApp regarding investment in lithium trade which gained his interest.
“The fraudsters showed me a rosy picture of good returns on investing in the lithium trade. I invested Rs 1.2 crore in multiple transactions through my two bank accounts and my wife's account. The first two transactions were made on October 13 and 14, and others were made on October 23, 24 and November 10,” as the complainant told in his complaint at the Cyber West police station.
However, after getting the money, the accused stopped responding to his calls and texts.
Subsequently, the retd officer approached the Cyber West police station and handed them over the complete list of transactions made by him to different bank accounts as provided by the accused.
Based on the complaint file by Tyagi, the accused has been booked under sections 419 (cheating by personation) and 420 (cheating) of the Indian Penal Code (IPC).
“We are investigating the matter and have formed teams to track the fraudsters,” said Jasvir Singh, the station house officer (SHO) of Cyber West police station.