1 hr ago
Kolkata Businessman Loses Rs 32.5 Lakh in Stock Scam
A Kolkata businessman saw an online advertisement promising large stock-market profits.
He was added to a WhatsApp group and told to use a fake trading app.
He first invested Rs 50,000 and was allowed to withdraw about Rs 5.19 lakh.
This made the investment seem genuine, so he put in another Rs 20 lakh.
The people behind the scheme then demanded another Rs 23 lakh.
They sent a fake letter pretending to be from SEBI and threatened legal action.
The businessman borrowed money and transferred Rs 17.63 lakh to them.
When he tried to take out his money, they demanded an additional commission.
He then realized it was a scam and contacted the police.
A Kolkata businessman was allegedly defrauded of Rs 32.5 lakh through a fake stock-trading scheme.
He was introduced to the scheme through a Facebook advertisement and a WhatsApp group.
After initially withdrawing about Rs 5.19 lakh from a Rs 50,000 investment, he invested a further Rs 20 lakh.
Fraudsters allegedly used a fake Securities and Exchange Board of India letter to demand another Rs 23 lakh.
Police recovered Rs 6.12 lakh and are investigating the remaining Rs 26.43 lakh and the accused individuals.
- Who
- An East Kolkata businessman and alleged cyber fraudsters using the names Akshat and Abinash.
- What
- The businessman was allegedly tricked into transferring Rs 32.5 lakh through a fake stock-trading app and related demands.
- Where
- The fraud was conducted online, with transfers made to bank accounts; the complaint was filed at Beniapukur Police Station in Kolkata.
- When
- The businessman saw the Facebook advertisement about two years before filing his complaint; the complaint was filed after he was asked to pay a commission to withdraw funds.
- Why
- The fraudsters allegedly promised high stock-market returns and used a fake SEBI letter to pressure the businessman into sending more money.
Key facts
- Total alleged loss
- Rs 32.5 lakh
- Amount recovered
- Rs 6.12 lakh, returned to the businessman
- Amount being traced
- Rs 26.43 lakh
- Initial investment
- Rs 50,000, followed by an apparent withdrawal of about Rs 5.19 lakh
- Further investment
- Rs 20 lakh
- Later transfer
- Rs 17.63 lakh after the alleged threat involving a fake SEBI letter
- Police station
- Beniapukur Police Station
Sources
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