Online Frauds Lure Businessman, Cheat Him of Rs 97 lakh - The New Indian Express

Online Frauds Lure Businessman, Cheat Him of Rs 97 lakh

Published: 22nd January 2014 11:25 AM

Last Updated: 22nd January 2014 02:19 PM

A Bangalore businessman was cheated of Rs 97 lakh by frauds who allegedly befriended him on a social networking site.

Nagesh S Vongole signed up on social networking site Hi 5 ( seven months ago. Sandra M, who claimed to be from Manchester in the UK, started chatting with him.

 Within a month, she placed a business proposal before him.

“She claimed she was working with Segway Oil and Gas Company, which bought an oil used in the pharmaceutical sector,” a police source said.

Many chemicals such as aspirin and ibuprofen are synthesised from crude oil obtained from refineries.

Sandra said her company was buying the oil from Brazil for 42,000 pounds a gallon while it was available for 28,000 pounds in Mumbai. She then persuaded Vongole to get into the trade and sell the oil to her company for a profit.

On Sandra’s instructions, Vongole contacted Vijaya Raichuri, a woman who claimed to be selling the oil. After negotiating the price at 28,300 pounds, Vongole contacted someone who posed as the director of Sandra’s firm in the UK.

“Oblivious to the trap, Vongole emailed a man called Albert and agreed on a price of 38,500 pounds a gallon. Vongole first paid `3.56 lakh to a Mumbai firm for a sample and later, on the insistence of Albert, bought one gallon,” the source said.

Another man who identified himself as Patrik Nelson then went to Vongole’s house to “confirm” the quality of the product.

 Vongole bought five gallons of the oil by paying `93.5 lakh into various account numbers provided by  Raichuri.

After this, when there was no further communication from the UK, Vongole grew suspicious. All his emails and calls went unanswered. A senior cyber sleuth said that websites offering huge returns on investment were cheating Bangaloreans of late.

 The cyber police station in Bangalore has registered a case.

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