Mangaluru, Sept 8: A retired man who had worked in Dubai has reported losing ₹23.9 lakh in a stock market investment scam.
According to his complaint, the victim came across a trading advertisement on Instagram on February 27 last year. Curious, he clicked on the link, which led him to a website where he registered and opened a trading account.
Soon after, unknown individuals contacted him through the Zoom app and guided him to make an initial deposit. Trusting their instructions, he transferred ₹82,862.90 via UPI. Encouraged to invest further, he eventually deposited ₹2.5 lakh into a trading account on the website Maunto.
Over the following months, he continued investing larger sums on different platforms, believing he would earn substantial profits. However, when he tried to withdraw his money, the transactions failed. The fraudsters then persuaded him to invest more, citing a “falling stock market” and promising better returns.
Eventually, all the trading websites vanished. His attempts to log in proved futile, and the entire investment was lost.
A case has been registered at Mangaluru Rural Police Station, and investigations are underway.


Comments
Add new comment