IT Engineer Loses 43 Lakhs in Cyber Fraud, Lured by 50% Profit Promise
Chhatrapati Sambhaji Nagar
N
News18•26-01-2026, 09:48
IT Engineer Loses 43 Lakhs in Cyber Fraud, Lured by 50% Profit Promise
- •A 28-year-old IT engineer in Chhatrapati Sambhajinagar was defrauded of 43.77 lakh rupees.
- •The victim, Pawan Deshmukh, was lured by a promise of 50% profit on investments in a fake share market trading app.
- •Fraudsters, including Mohan Sharma, added Deshmukh to a WhatsApp group offering free share market lessons.
- •Money was transferred to various bank accounts under different company names like 'Sikander Enterprises' and 'J.N. Trading'.
- •Deshmukh realized the fraud when he was asked for an additional 65 lakh rupees to withdraw a virtual profit of 78 lakh rupees.
Why It Matters: Even tech-savvy individuals can fall victim to cyber fraud when tempted by quick, high returns.
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