Fraudsters dupe man, friends of lakhs on fake WMT Trading App

Staff Reporter

CYBER Police have expedited investigation to arrest the scammers who duped several persons of lakhs of rupees using a fake World Mobile Token (WMT) Trading App. After creating the duplicate online trading system using WMT App, the fraudsters were alluring gullible people to invest money by promising high returns.

Following a complaint lodged by one of the victims Rahul Chandrakant Chauhan (47), a resident of 202, Sumit Nagar, Zingabai Takli, who and his friends lost about Rs 30 lakh to online fraudsters, Cyber Police registered a case under Sections 120B, 406, 420, 468, 471 of the Indian Penal Code, read with Sections 66C, 66 D of the Information Technology Act, and started the probe.

Investigators contacted the National Payment Corporation of India and procured the details of UPI ids of the scammers. The process of freezing all bank accounts of the accused linked to these ids was underway. Police are searching for the scammers on the basis of their cell numbers. Victim Rahul Chauhan told police that one Durgesh Jharia and Anupam befriended him on Facebook.After gaining his confidence, they informed him about the trading scheme and WMT App and assured him profit on all six days in a week. They then sent a link on WhatsApp cellphone and registered him. He was asked to make a recharge of Rs 500 from PhonePe.

The WhatsApp groups created by the scammers had about 5,000-6,000 members. To gain the trust of the members, the cyber crooks then shifted the so-called trading on Telegram Channel. Finally, the fraudsters closed the withdrawal system from the WMT App from March 13 and duped several investors. City Police have appealed to people fallen prey to the scammers to lodge complaints at Cyber Police Station or contact DCP (EoW & Cyber Crimes) Archit Chandak.