Mumbai man duoed of Rs. 10.38 lakhs by fraudsters who claimed reward in exchange for a Re 1 note

The victim came across an advertisement while watching social media reels on February 23; the ad promised a reward of Rs 4.53 lakh to those producing a one-rupee note

New Delhi, April 21

A cashier of a state-run insurance company lost Rs 10.38 lakh after fraudsters lured him with the promise of a hefty reward in exchange for a Re 1 note.

The man, who works at the Churchgate branch of the insurer complained to police that he came across an advertisement while watching social media reels on February 23. The ad promised a reward of Rs 4.53 lakh to those producing a one-rupee note. 

The cashier sent a photo of a Re 1 note on the WhatsApp number, following which a person, who introduced himself as Pankaj Singh, got in touch with him and claimed that he worked at a coin shop.

The caller asked the man to fill out a form and collected Rs 6,160 for registration. After some time, he again called the complainant, saying the earlier amount was incorrect, and he would need to transfer Rs 6,107. The caller also promised that the previously transferred amount would be refunded. Subsequently, Singh connected the complainant with another person, who identified himself as Arun Sharma.

Sharma sent the victim a letter from “RBI” about winning the reward in exchange for a Re 1 note. the duo then ended up collecting Rs 10.38 lakh from the complainant under various pretexts. The accused still claimed that the amount could be raised to Rs 25.56 lakh if he paid Rs 6 lakh more. 

A case has been registered under the IT Act and Bharatiya Nyaya Sanhita while the hunt it on for the duo. 

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