Quick Summary
In a startling revelation, the Avadi police uncovered a sophisticated fraud scheme orchestrated by tech-savvy criminals, leaving a trail of duped investors across the country. Their modus operandi, involving a concoction of social media allure, a deceptive stock trading app, and unsuspecting agents, has resulted in financial losses amounting to crores of rupees. The Avadi polices central crime branch, under the leadership of Commissioner K Shankar, unraveled the intricate web of deceit after
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FAQ :
The GST official fell victim to a sophisticated scam involving a fake stock trading app, lured by promises of quick riches advertised on social media.
The GST official lost nearly £39 lakh (approximately ₹39 lakh) in the scam.
The fake trading app used in the scam was called CHE-SES.
Yes, the Avadi police have arrested one suspect named Premaram in Anand district, Gujarat, who was facilitating the movement of illicit funds.
The main orchestrators of the scam are believed to be operating from abroad.
The Avadi police have issued a stern warning urging investors to exercise caution, avoid unauthorized stock trading applications, and conduct transactions only through authorised channels.
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