Ahmedabad : A 43-year-old broker from Vadodara has alleged that he was cheated of Rs 15 lakh by two individuals who promised to grow his investment to Rs 25 lakh within 10 months through a stock market scheme. The amount was collected in cash, but the promised returns never materialised and the security cheque issued to him was later bounced.
The broker was introduced to an investment firm by a woman acquaintance, who assured him of monthly returns of Rs 2.5 lakh on an investment of Rs 15 lakh, according to a complaint lodged with Chandkheda police on Friday. To arrange the funds, the broker withdrew Rs 5 lakh from his bank account on July 15, 2025, while two of his aunts withdrew Rs 5 lakh each on the following day. On Sept 16, he visited an office in a commercial complex at Jagatpur, where he met the woman and the firm’s proprietor. The parties signed an agreement for a 10-month investment plan, and the broker was given a cheque from a private bank as security.
He was allegedly told that the payment had to be made in cash and that the agreement could only be executed in Ahmedabad. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad