Monday, July 7, 2025
spot_img

City resident duped in stock market scam

Date:

Share post:

spot_imgspot_img

By Our Reporter

SHILLONG, June 15: A resident of Shillong has reportedly fallen victim to a fraud after being lured into a stock market investment scheme with promises of high returns.
The victim, in his complaint to the police, detailed how he was enticed by a Facebook advertisement to join a WhatsApp group managed by an individual named Deepak Yadav. Yadav convinced him to invest in the stock market, guaranteeing substantial returns within a month.
Following this advice, the victim invested a total of Rs 14.25 lakh and was initially pleased to see his investment reportedly grow to Rs 40.82 lakh. On May 16, 2024, seeking to verify the legitimacy of these profits, he successfully transferred Rs 4 lakh via OTC to his UCO Bank account.
However, when he attempted to transfer funds from his UCO Bank account to another account using his mobile banking application, he was informed that his account had been frozen.
Further investigation revealed that the account from which he had received the money was fraudulent, leading to the realisation that he had been duped.
The police are currently investigating the case.

spot_imgspot_img

Related articles

Sports Snippets

Faith Kipyegon sets 1,500 world record at Prefontaine Classic Eugene (US), July 6: Kenyan Faith Kipyegon set a world...

Norris wins thrilling British Grand Prix in rain to cut Oscar Piastri’s F1 lead

SILVERSTONE (England), July 6: Lando Norris survived an incident-packed race in the rain to win Formula 1’s British...

Bangladesh fight back to level ODI series in Sri Lanka

COLOMBO,July 6: Tanvir Islam’s maiden five-wicket haul and Parvez Hossain Emon’s maiden half-century helped Bangladesh beat Sri Lanka...

Harvinder’s twin gold leads India to second finish

Beijing, July 6: World number 1 and reigning Paralympics champion Harvinder Singh bagged two gold medals to complete...