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An investigation has been initiated after Madhukant Patel, an 88-year-old retired Chartered Accountant from Ahmedabad, reportedly lost Rs 1.97 crore in an alleged stock trading cyber fraud, according to the police. Patel filed a complaint with the Ahmedabad cyber crime branch, revealing that the
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FAQ :
The retired Chartered Accountant lost over Rs 1.97 crore in the alleged online stock market fraud.
The scam began when the victim received a WhatsApp message from an unknown number, inviting him to join a stock recommendation group.
The victim was contacted by someone claiming to be Sunil Singhania, an assistant to stock market expert Karanveer Dhillon. These individuals provided stock recommendations.
The victim invested through a website named app.alicexa.com based on the tips provided.
His suspicions arose when he was asked to pay a 15% tax to withdraw his funds, and subsequently an additional 1% of the total investment, which he found dubious.
An FIR has been lodged against unknown persons, and the cyber crime branch is investigating to identify and apprehend the accused.
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