Retired MoD official swindled of Rs 2.9 crore in share trading fraud

A retired officer of the Ministry of Defence (MoD) lost Rs 2.9 crores of his life savings in online share trading fraud after he was added to a WhatsApp group where cyber frauds posed as a ‘professor’ and a ‘trading expert’ and sent a tutorial on stock market trading everyday.

An FIR was registered by the victim, who is in his early 60s and retired from the Military Engineering Services (MES) of the MoD. In April this year, he received a link to join a WhatsApp group of share trading tutorials, said police.