City reports 12 cyber fraud cases in 24 hours

Pune police reported 12 cyber fraud cases occurring in the city on Wednesday.

A 38-year-old professional lost ₹53.10 lakh after being lured by a social media advertisement promising high returns from over-the-counter share trading and IPO investments via an app that displayed fictitious profits.

A stolen mobile phone was used to access banking applications and siphon ₹65,001 through unauthorised digital transactions.

Police identified several mule bank accounts in Pune, including one in Yerawada involved in cyber fraud proceeds of ₹34.10 lakh and another in Chatushrungi where an account holder received ₹44,655 as part of fraud proceeds from victims in different states.

DCP Vivek Masal warned that victims are often shown fabricated profits on fake dashboards and urged citizens to verify investment platform credentials before transferring money.