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Moneycontrol27-12-2025, 21:00

WhatsApp Scam Alert: Bhuj Man Loses ₹16 Lakh in Fake Stock Investment

  • Ajitsinh Jadeja from Bhuj, Gujarat, lost over ₹16 lakh in a WhatsApp-based stock market investment scam.
  • He was added to a fake investment group, lured with promises of high returns on stock and IPO investments.
  • The scam involved downloading a mobile app and making multiple transfers between July 10 and August 21.
  • Fraudsters initially showed a small profit (₹5,245 on ₹5,000) to build trust, then demanded more money for withdrawal.
  • Jadeja filed a complaint with cyber police and National Cyber Helpline 1930; police are investigating under Indian Nyaya Sanhita and IT Act.

Why It Matters: Be wary of unsolicited investment offers, guaranteed returns, and apps demanding extra payments for withdrawals.

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