Bhuj Man Loses Rs 16 Lakh in WhatsApp Stock Scam: How to Stay Safe

• Bhuj resident Ajitsinh Jadeja lost Rs 16 lakh in a WhatsApp stock market investment scam after being lured by promises of high returns.
• The scam began with Jadeja being added to a WhatsApp group offering daily stock tips, followed by instructions to download a fraudulent investment app.
• He initially received a small profit on a Rs 5,000 investment, encouraging him to transfer over Rs 16 lakh in multiple installments.
• Scammers demanded an additional Rs 9 lakh for withdrawal after showing a fake Rs 18 lakh loan, prompting Jadeja to realize the fraud and report it.
• Cyber experts advise caution against unsolicited investment groups, guaranteed returns, unknown links, and emphasize verifying advisors and securing accounts.

Why It Matters: Beware of WhatsApp investment scams; verify sources and never pay to withdraw profits.