Senior inspector Dnyaneshwar Katkar of the Chikhali police informed TOI that the complainant acquired a name on February 15 from an unknown quantity. The complainant mentioned the caller informed him to open a demat account and begin buying and selling in shares to earn good returns. “According to the complainant, the caller then connected him with another person who claimed to be a share broker,” Katkar mentioned.
The share dealer helped the complainant open a demat account. “Initially, the broker invested some amount on behalf of the victim and even gave him good returns,” the officer mentioned.
Katkar mentioned that after a couple of days, the dealer began demanding more cash from the complainant claiming the market was down. “When the complainant refused to send him the money, the broker threatened to send men to his house to recover the dues,” he added.
The officer mentioned the complainant transferred Rs 15.47 lakh between February and March to the account supplied to him.
“When the victim asked for his money back, they stopped responding to his calls. He filed a complaint application soon after. After an investigation, we registered a case under sections 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code,” the officer mentioned.
He added that the probe revealed the complainant’s cash was transferred to an account in Mansa in Gandhinagar district of Gujarat.