Archive · 19 May 2025
Online Investment Scams in Gujarat: Victims Lose Lakhs
Some people in Gujarat were tricked into fake online investment schemes and lost a lot of money.
They were contacted by people pretending to be investment experts who promised big profits.
They were asked to invest money, and at first, they saw some small returns, making them trust the scheme.
But when they tried to withdraw their money, they were asked to pay extra fees, and then realized it was a scam.
One person lost Rs 40 lakh, and another lost Rs 7.11 lakh.
The police are now investigating these cases of fraud.
A private company manager in Gandhidham lost Rs 40 lakh in an online investment scam.
A 37-year-old man from Anjar lost Rs 7.11 lakh to a bogus stock trading app.
Victims were contacted by individuals posing as representatives of trading companies, promising high returns.
The fraudsters used online trading platforms, showing false profits initially to gain trust.
Victims were asked to pay additional fees or deposits before realizing the schemes were fraudulent.
- Who
- Sandeep Mukherjee, Hiren Hadiya, and others, who were targeted by fraudsters posing as investment experts.
- What
- Victims were tricked into fake online investment schemes and lost a substantial amount of money.
- When
- Scams occurred between August and December 2024; details of earlier involvement are vague.
- Where
- Gujarat, India
- Why
- Victims were lured with false promises of high investment returns and then defrauded.
- Total amount lost by Sandeep Mukherjee
- Rs 40 lakh
- Total amount lost by Hiren Hadiya
- Rs 7.11 lakh
- Perpetrators
- Rashi Gupta, Mini Nair, and others
- Type of Crime
- Investment fraud
- Modus Operandi
- Online Trading
