Elderly Man Loses ₹24 Lakh in Stock Market Double-Profit Scam in Pune
Pune
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News18•30-01-2026, 13:57
Elderly Man Loses ₹24 Lakh in Stock Market Double-Profit Scam in Pune
- •Jaysing Baburao Kurale, 58, from Nigdi Pradhikaran, Pune, was defrauded of ₹2,406,000 by cyber fraudsters.
- •The fraudsters, identifying as Jagjit Singh and AIC Manager Pedro, promised double profits in the stock market.
- •They showed a virtual profit of ₹14,600,000 on an app to gain trust, leading Jaysing to invest his savings.
- •When Jaysing attempted to withdraw funds, additional charges like 'profit tax' of ₹1,380,000 were demanded.
- •A complaint has been filed at Nigdi Police Station, and an investigation is underway to trace the accused.
Why It Matters: Beware of online investment scams promising high returns; always verify and exercise extreme caution.
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