Home / Mumbai / Mumbai Crime News / Article /
Mumbai: Man loses Rs 51 lakh to stock market fraud
Updated On: 28 August, 2024 06:43 AM IST | Mumbai | Faizan Khan
Complainant was lured by advertisements on social media that promised substantial profits on investments through tips shared in WhatsApp group
Listen to this article :
The complainant said he followed the steps in the Instagram ads and lost half a crore. Representation pic
A 35-year-old working professional has lost over Rs 51 lakh to a stock market fraud. The man, identified as Amit Amenable, has claimed that he was lured into stock trading from advertisements on Instagram reels. In May 2024, he saw an advertisement related to stock market investments and followed the steps in the advertisements. By the time he realised that he had become a victim of cyber fraud, he had lost Rs 51 lakh.
Amenable filed an FIR at the Central Cyber police station. According to the information given to police, the advertisement promoting stock market investments promised substantial returns. Intrigued, Amenable clicked on a ‘JOIN’ button, which led him to a WhatsApp group named MSFL Stock Chart 33, managed by Juhi V Patel.
Read Next Story
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT