Indian Businessman Falls Victim to 'Investment & Romance' Scam, Loses ₹5.33M

A 52-year-old Mumbai businessman followed his "girlfriend" met online in trading gold, but was scammed out of ₹5.33 million.

According to police, the victim runs a logistics and marketing business. He sought a marriage by registering on a dating application, where he met "Priyanka Gupta," who presented herself as a single mother of one.

Gupta appeared genuinely interested in marriage and expressed her willingness to settle down. Therefore, she gradually gained his trust.

On October 13, Gupta introduced the victim to a gold trading platform operated by "Markets Access Company," assuring him it could generate high returns quickly.

Initially hesitant, the victim eventually became persuaded and agreed to let the woman open an online trading account for him. Over the following days, he transferred a total of ₹5.33 million to the scammers through multiple payments.

When he noticed the platform displayed his assets had surged to ₹10 million, he submitted a withdrawal request. A purported company representative demanded a 30% tax and processing fee before the withdrawal, promising no further charges.

The victim refused to pay and demanded the return of his principal. The scammers avoided replying and eventually ceased all communication.

Realizing he had been defrauded, the victim immediately reported to the police.

BrokersView reminds you

Romance scam lures victims into transferring money or participating in fraudulent financial investments while gaining their trust, causing victims to suffer not only immense psychological distress but also severe financial losses.

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