2 weeks Ago
Ludhiana: A city resident was duped of Rs 50.2 lakh in a stock market investment scam . The victim, Vijay Kumar , initially made profits, which encouraged him to invest more, only to have his trading wallet frozen by the fraudsters.
The Moti Nagar police have registered a case against four individuals from Gujarat, Rajasthan, and Delhi, following an inquiry by the cyber cell. Kumar became involved in the scam after responding to an Instagram advertisement promoting stock market tips. Inspector Varinderpal Singh, SHO at Moti Nagar police station, said several similar cases have been reported in Ludhiana, where fraudsters lure investors with promises of high returns.
Victim Vijay Kumar was scrolling the Instagram when he spotted an advertisement related to stock market investment. A click added him to Whatsapp group ‘Sehroders Capital Online CA’. In the chat, people were discussing stocks and there were messages of making huge profits based on those tips.
He was asked to download ‘SCIE’ app and buy stocks through that. Initially, he also made profit. We also published the following articles recently Man held for 60L stock trading fraud Jamnagar Cybercrime police have apprehended Amit Khakkhar for a Rs 60 lakh cyberfraud.
Khakkhar reportedly lured Pratapsingh Tomar into investing in stocks through a fraudulent trading app, displaying fake profits to gain trust. Upon attempting withdrawal, Tomar realized the scam. Authorities are probing further into Khakkhar's criminal activities and accomplices.
Stock market today: BSE Sensex, Nifty50 flat in opening trade Indian equity indices BSE Sensex and Nifty50 opened flat on Friday, with Sensex near 82,800 and Nifty50 above 25,350. Oil prices rose due to disruptions in the U.S.
Gulf of Mexico. Several stocks are under the F&O ban today. Foreign portfolio investors were net buyers on Thursday.
Stock trading scam: Special task force detains Assamese actress Sumi Borah, husband Sumi Borah, an Assamese film actress, and her husband were detained by the Special Task Force for their involvement in a multi-crore online trading scam. Borah had earlier expressed her intention to surrender due to defamatory media coverage. A lookout circular was issued against them after they missed questioning sessions related to the scam involving defrauding 1,500 people.
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