Archive · 7 Sep 2025
Pune Cyber Police Charge Nine in Fake Trading App Scam
Two individuals in Pune were tricked into investing in fake trading apps through WhatsApp groups.
Scammers promised high returns, displaying fake profits to gain trust.
One person lost over 2.24 crore rupees by investing in the Calvert app, and the other lost nearly 90 lakh rupees using Kotak QIB.
Police have filed charges against nine individuals for these cyber frauds.
Pimpri Chinchwad Cyber Police charged nine individuals.
Two citizens lost over Rs 3.14 crore collectively.
Scammers used fake trading apps and WhatsApp groups.
Victims were promised high returns on investments.
FIRs were filed on Friday.
- Who
- Pimpri Chinchwad Cyber Police and two citizens
- What
- Cyber fraud involving fake trading apps
- When
- Friday (FIRs filed)
- Where
- Pimpri Chinchwad, Pune
- Why
- To address cyber fraud complaints
- Location
- Pimpri Chinchwad, Pune
- Victims
- Two citizens
- Total Loss
- Over Rs 3.14 crore
- Modus Operandi
- Fake trading apps and WhatsApp groups
- WhatsApp Groups Mentioned
- '310 Bulls & Chai', '305 Bulls & Chai', and 'E11 Kotak helps you achieve your dreams'
- Apps Used
- Calvert App and Kotak QIB
- Charges Filed
- Under Section 316 (2), 318(4), 3(5) of the BNS, 2023 and Section 66(C) and 66(D) of the IT Act, 2000
