Kalyan Cyber Fraud: Man Duped Of ₹6.97 Lakh After Instagram Reel Promises Up To 800% Daily Stock Returns
Kalyan: A 37-year-old man from Kalyan East was allegedly duped of ₹6.97 lakh after cyber fraudsters lured him with promises of hefty returns from stock market investments. The fraud began with an Instagram reel promoting an investment scheme in the name of HDFC Securities and eventually led the victim into a WhatsApp group, where the accused allegedly used fake investment tips, a bogus loan…
A 37-year-old Kalyan resident named Deepak Digambar Manwar allegedly lost ₹6.97 lakh to cyber fraudsters through an Instagram reel and WhatsApp group scams. The fraudsters, who posed as investment advisors from HDFC Securities, promised daily returns of up to 800%. After gaining the victim's trust with fake profits, the scammers allegedly offered a ₹5 lakh loan and demanded additional money under the guise of loan processing fees.
Manwar transferred the total amount into various bank accounts following the scammers' instructions. The police are investigating the case and tracing the mobile numbers, bank accounts, and transaction details linked to the fraud.
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