Mumbai: A 36-year-old banana trader, Suresh Sitaram Lambor, a resident of Colaba Market has lodged a complaint with the Cyber Police, alleging that he was defrauded of Rs 67.7 lakh in a sophisticated online share trading scam. A cybercrime case has been registered at the South Cyber Police Station involving a 36-year-old banana trader, Suresh Lambor, who fell victim to a Rs 67.7 lakh fraud.
Lambor, who runs a wholesale banana business, was added to a WhatsApp group named “A516 YSIL Official Member Exchange Group” without prior notice. Total 170 members included in that WhatsApp group. He was approached by a person identifying himself as Amit Kumar, who claimed to facilitate high returns through share market investments. Kumar convinced Lambor to install the “YES PRO” app via a link and guided him to register and open an account on the platform.
110% Profit Promised By Conmen
Initially, Lambor invested Rs 5,000 and was shown a 110% profit. Encouraged by these results, he was lured into investing larger amounts, totaling Rs 67.7 lakh across multiple transactions in 16 different bank accounts. Each time, he was promised substantial profits and reallocated funds into new share options.
When Lambor attempted to withdraw his profits, he was asked to pay a 10% service fee on his projected earnings. It was then that he realized he had been scammed, as the alleged customer care numbers provided—linked to the fraudulent operation—continued to demand more payments.
Lambor reported the matter to the NCCR Portal, filing multiple complaints, and subsequently approached the Cyber Police. The fraudsters had used the WhatsApp numbers along with fake customer care helplines. The police have registered a case and initiated an investigation into the incident.
According to the Police, Complainant Satish Lambor was added to a group and persuaded to install an app called “Yes Pro.” Through the app, the fraudsters convinced him to invest money across 16 different bank accounts, promising high returns. However, when Lambor attempted to withdraw the funds, he was asked to pay a tax. This raised his suspicion, and he realized he had been scammed. A case has been filed against three unidentified individuals, and the police are actively investigating the matter.
