A deputy mamlatdar from Vastral , Ahmedabad lost 1.13 crore to an online investment scam getting lured by scammers arising from social media surfing.
This was on April 3, when Jayendra Chauhan, deputy mamlatdar was searching Facebook for getting share market tips when he came across entity called Vanguard Club V5 that showed famous investment analyst. He joined the app of club.
As soon as he logged in on the app he got access to a link to F&FTPL that asked him to share his Adhaar credentials and open an account by depositing Rs.25000.
Upon receiving tips from the app by Professor Ganga Ranga, Chauhan started trading through the app and experienced gains that took him further towards investing more to the tune of 1.13 crore between Aril 4 and April 29.All group members were instructed to 30% of their balance to a refundable deposit to help Ranga and their withdrawal would be subject to this deposit.
But then on April 30 the scenario overturned when the mamlatdar received a message that Ranga got arrested in a money laundering case.
All group members were instructed to 30% of their balance to a refundable deposit to help Rangsa and their withdrawal would be subject to this deposit.
Everything went haywire when Chauhan’s account got frozen while withdrawal attempt which made him to report the matter to cyber police.
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Source: The Times of India
