Businessman Duped of Rs 2.65 Crore in Share Market Investment Scam

N
News18•28-02-2026, 12:55
Businessman Duped of Rs 2.65 Crore in Share Market Investment Scam
- •A 69-year-old businessman, Nelson Whitchurch, from Somajiguda, was defrauded of Rs 2.65 crore in a share market investment scam.
- •The victim was lured by a Facebook advertisement promising high returns and was contacted by Ramyakrishnan.
- •Cybercriminals convinced him to invest in a fake trading website, showing fabricated profits to gain his trust.
- •The fraud was exposed when he attempted to withdraw funds, and the culprits demanded an additional 15% commission.
- •Police warn the public against social media investment ads and advise verifying credibility before investing, reporting fraud to 1930.
✦
More like this
Loading more articles...



