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Man duped of Rs 31.59L by fake Motilal Oswal representatives

by TLAteam October 28, 2024October 28, 2024
written by TLAteam October 28, 2024October 28, 2024
Man duped of Rs 31.59L by fake Motilal Oswal representatives

A 35-year-old acupressure therapist from the city was cheated of Rs31.59 lakh rupees by several individuals who offered investment schemes in Motilal Oswal. As per an FIR filed with the cyber crime police on Saturday, Suraj Patel was targeted by a group operating multiple WhatsApp groups under the names “VIP00215 Motilal Oswal Invest Club” and “W41 Motilal Oswal Invest Club.”

Business News

The scamsters lured Patel into investing Rs 31,59,005 in the stock market by promising high returns.

Between September 12 and October 8, 2024, the accused added Patel to the two WhatsApp groups and made numerous calls to him using various numbers. During these calls, a woman who claimed to be “Ananya Smith” convinced Patel that she was an official from Motilal Oswal and provided him with fake investment plans. Patel transferred the money to the various accounts. When he attempted to withdraw his returns, the fraudsters sought more funds.

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