Bengaluru Businessman Loses ₹8 Crore in Stock Market Scam via WhatsApp Link

• Bengaluru businessman Rajendra Naidu lost over ₹8 crore to cyber fraudsters.
• He was lured into investing in a fake stock market app, RARCLLPRO, via a WhatsApp link.
• The app falsely showed his investment growing to ₹59.4 crore, promising high returns.
• Fraud was exposed when he was asked for an additional 18% "service charge" to withdraw fake profits.
• Police froze ₹60-64 lakh in linked accounts; investigation is ongoing.

Why It Matters: Beware of unsolicited investment offers and fake apps promising unusually high returns.