Archive · 3 Jun 2025
Trader Duped of ₹19.40 Lakh in Fake Oil Deal Scam
A trader from Pune lost almost 20 lakh rupees in an online scam.
People pretending to be from Europe emailed him with a deal to route oil products and earn commissions.
They said they had an order from a Swedish company.
The trader sent money to different accounts, but after weeks and more demands for money, he realized it was a trick.
There was no real company needing the oil products.
A Pune-based trader reported being defrauded of ₹19.40 lakh.
The scam involved promises of commission for routing natural oil to a Swedish company.
Fraudsters contacted the victim via email, offering the deal.
The trader transferred money to multiple accounts to facilitate the deal.
The victim discovered the fraud after 23 days, upon realizing the Swedish company was fake.
- Who
- Cybercriminals posing as representatives of a company.
- What
- An online scam involving a fake commission deal for routing natural oil products.
- When
- The fraud occurred over a period of 23 days after May 2.
- Where
- The fraud originated online, and the victim is from Gahunje, Pune.
- Why
- To obtain money through a fraudulent commission scheme.
- Victim
- 54-year-old import-export trader
- Location
- Gahunje, Pune
- Amount defrauded
- ₹19.40 lakh
- Fraud Type
- Online scam related to natural oil products
- Modus Operandi
- Commission-based scheme
