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Retired 67-Year-Old Man Loses ₹3.91 Crore In Fake Stock Scam, Bhopal

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Retired 67-Year-Old Man Loses ₹3.91 Crore In Fake Stock Scam, Bhopal
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Bhopal (Madhya Pradesh): Cyber fraudsters duped a 67-year-old man of Rs 3.91 crore by luring him with promises of huge returns through stock market and IPO investments. The accused used a social media advertisement, WhatsApp groups, a fake trading application and forged SEBI registration documents to gain the victim's trust. Cyber Police officials said Chunabhatti resident Ashok Kumar Sharma (67) came across an investment advertisement on social media in May.

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Free Press Journal publishes from India and files mainly under news. We currently carry 13 of its stories.

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Bhopal (Madhya Pradesh): Cyber fraudsters duped a 67-year-old man of Rs 3.91 crore by luring him with promises of huge returns through stock market and IPO investments. The accused used a social media advertisement, WhatsApp groups, a fake trading application and forged SEBI registration documents to gain the victim's trust. Cyber Police officials said Chunabhatti resident Ashok Kumar Sharma (67) came across an investment advertisement on social media in May. Soon after, a woman identifying herself as Ananya Kulkarni, claiming to be an official of a private stock trading firm, contacted him on WhatsApp.

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