Pune: In yet another online trading fraud, a retired officer of the Ministry of Defence (MoD) lost Rs 2.9 crores of his life savings. 

His loss occured in the same modus operandi. In April, earlier this year, he received a link to join a WhatsApp group of share trading tutorials. 

He was first added  to a WhatsApp group administered by a Cyber fraudsters. They posed themselves as  'trading expert'.

The retired officer from the Military Engineering Services (MES) of the has registered a police complaint with Pune Cyber branch.

 Police said fter joining the group, the complainant was sent a link to him ,which he downloaded.

 The fraudsters sent him messages sent for investment purpose in particular shares. The retired officer then started sending specific amounts to the bank accounts as directed.

 The fund transferred to fraudulent accounts were reflected as his investments on the phone based application. They also showed high profit.

Police said the retired officer transferred funds worth  Rs 2.35 crore. When he tried to withdraw the sum, he told to pay Rs 55 lakh as commission. He paid the said amount,

To his utter shock, the administrators of the group, the professor and trading expert disappeared into thin air.

The retired officer ran from pillar to post, went to different addresses of the firm in Mumbai and Delhi to locate them but the addresses turned out to be fake. He then filed a complaint for the Cyber fraud of Rs 2.9 crore of his life savings.