In a relatively new type of Mumbai crime, a man has lost more than INR 10 Lakh. This scam is becoming increasingly popular on social networks – the note valuation scam. The man claims he saw an online advertisement about the valuation of a 1-rupee note from a specific year. He says that he had such a note and contacted the advertiser. The advertiser informed him that the note was worth INR 4.5 Lakh.
The scamster convinced the man to transfer INR 10+ Lakh to various accounts for registration fees and taxes. The man transferred numerous amounts, ranging from INR 6,000 to INR 2,00,000. He did this after the scamsters convinced him that they were working with the Reserve Bank of India. They shared with him a person’s Aadhar Card, PAN Card and an identity card of an RBI official.
This is a relatively new scam online. However, there have been some accounts of people trying to dupe others into thinking that they were buying antiques and other valuable items, when they were actually worth scrap. That one, is one of the oldest scams in the book.
There’s a good chance you’ve seen such advertisements on your timeline. It is true that some antique notes and coins have an incredible value. However, there is absolutely no chance that anyone would need to pay tax on any future monetary transaction. At most, incoming transactions are subject to a deduction at source.
The best way to ensure that one doesn’t fall for such scams and others is to conduct personal research. Another effective way to avoid falling victim to such crimes is to consult with friends and family. In several cases, the victims of various scams have found out they were scammed after telling their experience to friends.
The police have now lodged a complaint under the relevant sections, including Section 61, Section 66c of the IT Act, 2000, and Section 340c of the Bharatiya Nyaya Sanhita. Therefore, the relevant sections also include forgery and criminal conspiracy.
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