New Delhi: Delhi Police has registered two FIRs in separate alleged online investment fraud cases involving losses of more than Rs 1.2 crore, with the complainants claiming they were lured by promises of high returns through stock-trading platforms, IPO investments and advisory services.
In the first case, a west Delhi resident alleged being cheated of Rs 64.4 lakh after joining a WhatsApp group that promoted an online stock-trading scheme. In the second case, a Rohini resident alleged losing around Rs 57 lakh through an online investment platform promoted via social media groups. The platform allegedly displayed daily returns of 3% to 10%, while one IPO investment was projected to generate returns of over 350%.
The trading application initially reflected gains, prompting the investor to transfer money in multiple instalments to bank accounts provided by individuals posing as company representatives and financial consultants, according to the complaint. Individuals posing as investment experts encouraged investors to participate in IPOs, pre-market trading and specialised trading accounts, according to the complaint. Suspecting fraud after repeated demands for payments, the investor approached police. You Can Also Check: Gold Rate in Delhi | Silver Rate in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi | Delhi AQI | Weather in Delhi | Petrol Price in Delhi | Diesel Price in Delhi | CNG Price in Delhi | LPG Price in Delhi