ONLINE INVESTMENT FRAUD: THANE MAN CHEATED OF RS 1.18 CRORE
Police launched investigations after a 44-year-old man from Thane allegedly lost Rs 1.18 crore in an online share market investment fraud, an official said on Saturday. The victim received a message on his WhatsApp number in January on a “lucrative” investment opportunity in share markets.
“The victim subsequently invested Rs 1,18,50,000. When he sought the promised returns on his investment, the accused began avoiding his calls and messages, following which he approached the police,” the police official added.
Police have registered an FIR and launched investigations. Nobody has been arrested so far, the official said.
HOW TO PROTECT YOURSELF FROM INVESTMENT SCAMS
- Investing always carries risks, and if someone promises guaranteed returns, it’s likely a scam.
- Before you invest, take the time to research the company, its financial background, and the investment platform or advisor. Check for reviews and testimonials from other investors.
- Ensure the platform or advisor is registered with the Securities and Exchange Board of India (SEBI). You can verify this information on the SEBI website.
- Legitimate firms will allow you time to evaluate your options. Be cautious if someone pressures you to invest immediately.
- Avoid sharing personal information online, especially with unsolicited contacts.
- Stick to well-known and regulated trading platforms.
- If you’re uncertain about an investment, consult a qualified financial advisor.
- If you suspect a scam, report it to the relevant authorities such as the Police, SEBI, your Bank, or RBI.
(With PTI inputs)
2025-02-08T08:00:06Z