Retired IT Professional Loses ₹93.54 Lakh In Online Share-Trading Fraud After Being Lured Through WhatsApp Groups
Mumbai: A 58-year-old retired IT professional from Chunabhatti has allegedly lost ₹93.54 lakh in an online share-trading and IPO investment fraud after cyber fraudsters allegedly lured her through Facebook advertisements and WhatsApp groups, promising high returns. According to the FIR, the complaint filed with the East Cyber Police, the woman, identified as Jyoti Kannan Naidu, had been residing…
Retired IT professional Jyoti Kannan Naidu, 58, from Chunabhatti, allegedly lost ₹93.54 lakh in an online share-trading and IPO investment scam after being targeted through Facebook advertisements and WhatsApp groups, according to police. The fraudsters allegedly promised high returns on investments, luring Naidu through a Facebook advertisement and adding her to a WhatsApp group named "C775-HDFC Securities Investor Growth Academy."
Over time, she came into contact with various individuals posing as investment experts, who allegedly provided guidance on share trading and IPO investments. Naidu was encouraged to download an application named HSL PRO and create a trading account, which she did, resulting in the transfer of ₹98.54 lakh. Despite receiving payment receipts from the fraudsters, her account was later blocked, and they demanded an additional ₹29.53 lakh in commission to release the funds.
Naidu reported the fraud to the cybercrime helpline on September 24, leading to the registration of a case by the East Cyber Police. The police are investigating the money trail and the identities of those involved in the alleged scam.
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