New Delhi: A south Delhi resident fell victim to an investment scam, losing Rs 18.4 crores. Police apprehended three people in the case.
According to police, the complainant was initially drawn into a WhatsApp group that specialised in offering guidance on investment and trading strategies, promising exceptionally high returns. This group served as the entry point for the fraudulent scheme. Members of the group provided the victim with a link and subsequently persuaded him to download a specific application designed for online trading.
Police sources stated that this application presented a seemingly legitimate trading platform, displaying various stocks and their prices. Whenever the victim executed a sale through the app, the platform displayed substantial profits, creating a false sense of successful investment.
“Enticed by these fabricated gains and encouraged by the scammers, the victim began making substantial payments. Over time, he transferred a total of Rs 18.4 crore from his two bank accounts to a network of 26 different bank accounts, funneling his money into the hands of the perpetrators,” the source said.
