Mangaluru: Online trading scam – Man loses Rs 20 lac

Daijiworld Media Network – Mangaluru (MS) Mangaluru, Oct 22: A case has been filed at the Kadri police station by a man accusing another individual of defrauding him of Rs 20 lac under the pretense of representing J P Morgan in India for investment purposes. The complainant received a call on September 24 from a man who introduced himself as Vishwanathan, claiming to be the chief investment strategist. Later, a woman named Neeta Sharma contacted the victim from different phone numbers, claiming to represent J P Morgan.

She sent a link related to the company and convinced the victim to invest Rs 20 lac. On October 14, the complainant transferred Rs 20 lac. Subsequently, Neeta Sharma instructed the victim to purchase 1,000 shares at Rs 240 per share, which the victim did.



On October 15, Neeta advised the victim to buy 7,900 shares of another company at Rs 250.95 per share. Later, she informed the victim to withdraw the invested amount.

The victim received Rs 1,500, but the money was transferred from an unknown account. When the victim questioned Neeta Sharma, she failed to provide a satisfactory explanation. Amid these developments, the victim requested Neeta Sharma to return the entire investment.

Neeta, however, asked the complainant to invest an additional Rs 4 lac. At this point, the complainant realized the fraud and filed a complaint..