Published On : Thu, Sep 16th, 2021

Man duped of Rs 65 lakh in Bitcoin investment deal

Nagpur: A highly educated serving youth got trapped in a Bitcoin investment deal and lost a whopping Rs 65.38 lakh in the hope of huge returns. Jaripatka police have registered a case and started investigations.

According to police, the victim, Piyush Ramesh Panchbhai (30), a resident of Plot No 6, New Thawre Colony, Jaripatka, works as Business Support Analyst in Pune-based Accessor Solutions Company. In April this year, he received a link through Instagram asking him to invest in Bitcoin. The link was sent by the woman cyber fraudster named Siya Dang who told Piyush she is based in China.

The thug started chatting with Piyush and lured him with huge returns if he invested in Bitcoin. Subsequently, Piyush invested Rs 65.38 lakh between April 2, 2021 and September 1, 2021. Later, the online fraudsters, including accused Siya, duped him from time to time..

Jaripatka Police booked the fraudsters by registering an offence under Sections 420, 406, 34 of the Indian Penal Code and Sections 66(c), 66(d) of Information Technology Act.