look news india
A major incident of fraud has come to light in Maharashtra. A person's demat account was hacked and shares worth Rs 1 crore 26 lakh were stolen and sold. An official said that the victim has filed a case in Thane district of Maharashtra. The official said, someone hacked his demat account and stole shares worth Rs 1.26 crore.
A bank account was opened in the name of the complainant using a fake ID
The police official said that according to the victim, the shares were allegedly stolen between January 2017 and December 2018. However, the official said that no reason was given as to why the man took so long to approach the police. “Someone opened a bank account in the name of the complainant using his fake ID,” the official said, quoting the FIR lodged at the Manpada police station in Dombivli area on Wednesday, the news agency reported.
After this, the accused illegally accessed the demat account of the complainant and sold 9,210 shares of the famous paint company, which were worth Rs 1.26 crore at that time. The sale proceeds were deposited in fake bank accounts, the official said. Police said investigations are underway to identify those involved in the crime.
There was a scam a few weeks ago too
Let us tell you that just a week ago, a case of fraud of Rs 20 lakh came to light with an elderly businessman in Thane. A 69-year-old businessman was cheated of more than Rs 20 lakh in the name of supplying machines for children in the game zone. Based on a complaint filed by businessman Virdhawal Ghag, the police registered a case against the accused running the firm under sections 420 (fraud) and 406 (criminal breach of trust) of the Indian Penal Code.
