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Maharashtra Jeweller Falls Victim to ₹7.36 Lakh Online Gaming Investment Scam

Published: January 21, 2026 | Category: Real Estate Maharashtra
Maharashtra Jeweller Falls Victim to ₹7.36 Lakh Online Gaming Investment Scam

A 34-year-old jeweller from Solapur, Maharashtra, was lured into a fraudulent investment scheme promising 200 to 300 per cent returns on investments in online gaming companies. The scam resulted in a loss of ₹7.36 lakh for the victim.

According to the police, the complainant received a message on his Telegram app from an unknown person in July last year. The scammer claimed to offer 200 to 300 per cent returns on investment within 10 days through his company. The scammer assured the complainant that he could invest a minimum of ₹100 and a maximum of ₹50 lakh, with the invested money being used in the share market and various online gaming companies.

Driven by the allure of quick and substantial returns, the complainant clicked on the link provided in the message. This link directed him to a fraudulent gaming website, where he registered and opened an account. Initially, the complainant invested ₹2,000 and received ₹4,000 in returns. Encouraged by this success, he continued to invest more, receiving returns each time, which further solidified his trust in the scheme.

However, from July 8 to October 11, the complainant transferred a total of ₹7.36 lakh into different beneficiary accounts over 40 transactions, as instructed by the scammer. When the promised returns did not materialize, the complainant tried to contact the scammer but received no response. Realizing he had been duped, he filed a complaint with the cyber crime helpline.

The cyber crime police in Solapur have since registered a case under Sections 316 (criminal breach of trust), 318 (cheating), and 319 (cheating by personation) of the Bharatiya Nyaya Sanhita, and Sections 66C (identity theft) and 66D (cheating by personation using computer resources) of the Information Technology Act.

This case serves as a stark reminder of the risks associated with online investment schemes, especially those promising unusually high returns in a short period. Investors are advised to exercise caution and thoroughly verify the legitimacy of any investment opportunity before committing funds.

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Frequently Asked Questions

1. What is the total amount the jeweller lost in the scam?
The jeweller lost a total of ₹7.36 lakh in the fraudulent investment scheme.
2. How did the scammer initially contact the victim?
The scammer contacted the victim through a message on the Telegram app, offering high returns on investment.
3. What sections of the law were the scammers charged under?
The scammers were charged under Sections 316, 318, and 319 of the Bharatiya Nyaya Sanhita, and Sections 66C and 66D of the Information Technology Act.
4. How did the victim initially trust the investment scheme?
The victim initially trusted the scheme after receiving small returns on his first few investments, which made him believe the scheme was legitimate.
5. What advice is given to investors to avoid such scams?
Investors are advised to exercise caution, thoroughly verify the legitimacy of any investment opportunity, and be wary of schemes promising unusually high returns in a short period.