In Rs 1.46 Crore Cheating Case, Fraudsters Pose As Payments Body Officials

In Rs 1.46 Crore Cheating Case, Fraudsters Pose As Payments Body Officials

A 52-year-old man from Maharashtra’s Thane city lost Rs 1.46 crore to two fraudsters who posed as National Payments Corporation of India (NPCI) officials and lured him with promises of policy premium refunds and high investment returns, police said on Saturday.

The accused targeted the victim between September 5, 2024 and August 11, this year, allegedly promising to secure a refund of his policy premium along with high financial returns.

Based on a complaint, the Kasarvadavali police have registered a case under section 318(4) (cheating) of the Bharatiya Nyaya Sanhita and provisions of the Information Technology Act against suspects Sandeep Sharma and his assistant Raviraj Shukla, who posed as an NCPI manager and his assistant, an official said. The accused targeted the victim between September 5, 2024 and August 11, this year, allegedly promising to secure a refund of his policy premium along with high financial returns.