Forty -year -old Yousufguda was cheated on almost 29 GBP Lakh in online trading and investment fraud with IPOs performed through fake Facebook and WhatsApp groups.
The police said the victim was first contacted on Facebook and later joined the WhatsApp group called “F55 – Fortune Skye”, which had more than 200 members and looked real. He believed that it was a legitimate investment forum, putting a huge amount into bank accounts that were shown as associated with entities registered in Sebi.
The fraudsters initially showed profits on the group’s platform and then pushed it by allocating stocks worth 25 lakh. When he tried to withdraw money, he was told to pay an 18% fee of 3.11 lakh first, followed by additional 20% of the tax.
Although the victim has been shown to balance of 42,86 947 GBP on a false business application called RCL – PMA, it was not allowed to select any means. Instead, group operators threatened to divert money to charity if they did not meet their requirements.
The investigation revealed that the WhatsApp group was largely controlled by fraudsters themselves, who presented as investors to mistake real participants. The total financial loss suffered by the victim costs 28,76,715 GBP.
The case has been reserved and further investigations are underway.
Published – September 2025 17:38
