Mumbai Businessman Loses ₹11 Crore in Share Market Scam

• A South Mumbai businessman was defrauded of ₹11 crore in an online share market scam.
• He was added to a WhatsApp group offering stock market tips, which initially seemed accurate.
• The businessman downloaded an app via a link from the group and started investing.
• After seeing initial profits, he invested a total of ₹11 crore.
• He was unable to withdraw funds, and the admin demanded an additional ₹8 crore as a penalty, leading him to file a complaint with Cyber Police.

Why It Matters: A businessman lost ₹11 crore in an online share market scam after trusting a WhatsApp group for tips.