Latest news with #AnupamLal
Hindustan Times
04-05-2025
- Business
- Hindustan Times
Chandigarh doctor, wife lose ₹1.4 crore to elaborate investment scam
Offering lucrative returns by posing as representatives of an investment banking firm, cyber criminals defrauded a city-based doctor and his wife of ₹1.4 crore through an elaborate conspiracy. The complainant, Dr Anupam Lal, a resident of Sector 24-B, alleged that a highly trained group of scammers posed as officials of JM Financial Services, and lured him and his wife into investing in fake Portfolio Management Services (PMS) accounts through counterfeit websites. The accused operated a WhatsApp group named 'W6 Stock Uptrend Club', managed by different individuals. Convincing users that they were investing with JM Financial, they asked them to transfer funds into various accounts, many of which were found to be linked to shell firms. According to the FIR, Dr Lal and his wife transferred funds to at least 18 different bank accounts between August and September 2024, with transactions ranging from ₹50,000 to ₹24.5 lakh, resulting in a total loss of ₹1.4 crore. Initially, the fraudsters returned small profits to win the victims' trust, but later blocked withdrawal access. When Dr Lal tried to recover his money, the accused went off the grid. Dr Lal filed a complaint on the National Cyber Crime Portal on October 11, 2024, and a comprehensive written complaint to Chandigarh Police. Following a preliminary inquiry, now an FIR under Sections 319 (2), 318 (4), 336 (3), 338, 340 (2), 61 (2) and 111 (2)(b) of the Bharatiya Nyaya Sanhita has been lodged. The matter is under investigation.
Time of India
03-05-2025
- Business
- Time of India
Chandigarh resident loses Rs 1.4cr in online share trading fraud
1 2 Chandigarh: Online cheaters duped a city resident of Rs 1.4 crore on the pretext of providing high returns on online share trading. Based on the victim's statement, the cyber cell of UT police registered a cheating case against unknown persons and started a probe. No arrests have been made in the case so far. In his complaint to the cyber police, Anupam Lal, a resident of Sector 24, stated that a group of highly trained individuals, well-versed in finance and the stock market, duped him under the name of JM Finance . The cheaters created a fake website for trading, asking people to open a PMS account where trading is supposedly preferential and fast. They falsely claimed the trading website belonged to JM Financial Company, headquartered in Mumbai. The cheaters also created a WhatsApp group named W6 Stock Uptrend Club, with group admins Rohit Singh and Ishita Sawant. The group included 71 more members, some of whom were part of the fraud gang, and they instigated others to open a PMS account. Trusting them, the complainant opened a PMS account and started trading on their instructions. The cheaters asked him to top up their accounts for trading, instructing him to transfer funds into different bank accounts, falsely claiming them to be of JM Financial Services. The victim claimed that he transferred a total of Rs 1.4 crore into different accounts between Aug 2024 and Dec 2024. However, after investing a high amount, the victim did not get any profit, and the cheaters kept demanding more money. After realising he was scammed, he filed a complaint at the cyber police station in Sector 17 and provided all the accounts into which he transferred money. After verifying the facts, the police registered a case against unknown persons and have been checking the accounts to get clues about the cheaters.
