A 50-year-old man from saidabad was duped of ₹ 74.3 Lakh in an funding rip-off by fraudsters impersonating representatives of Effectively-KNOWN Monetary Corporations.
The Sufferer was first contacted through whatsapp on Could 18 by Individuals Claiming to characterize ‘Citadel’ and ‘Axis Securities’. They shared hyperlinks to what gave the impression to be legit funding platforms, promising every day returns ranging between 8% and 20%. Convined by the presentation, The Sufferer Made Preliminary Investments of ₹ 1 Lakh in Every Platform By means of IMPS. When he obtained a credited Revenue of ₹ 8,000 on Could 20, He Believed The Scheme to be Genuine.
Encouched by the early returns, he was coaxed into making bigger investments underneath the pretext of excessive good points from iPo inventory offers, with the fraudsters promising returns of as much as 240% and 320%. Between Could 23 and June 13, He Transferred ₹ 31 Lakh to Citadel and ₹ 43.3 Lakh to Axis Securities.
The rip-off escalated additional when the fraudsters demanded an extra ₹ 83 lakh and ₹ 70.7 lakh, claiming the investments would yield a complete return of ₹ 7.5 Crore. The Sufferer, Rising Suspicious, Refused to Pay Extra and Quickly Realized He Had Been First rate.
Regardless of each faux apps now displaying steadiness of ₹ 1.26 Crore in Citadel and ₹ 2.62 Crore in Axis Securities, The Sufferer has been unable to withdraw any funds.
Following a Criticism, the cybercrime wing of the hyderabad police booked a case and initiated an investigation.
Revealed – June 26, 2025 09:32 pm IST
(Tagstotranslate) Funding Rip-off (T) Monetary Corporations (T) Citadel (T) Axis Securities