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Mumbai: Three held for Rs 69-lakh share trading scam on Facebook

The complainant, Sanjay Kishore Prajapati, 37, said he was browsing Facebook when he encountered the link promising expert guidance on stock market trading

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The accused lured the victim swith the promise of expert trading tips. Representational pic/iStock

The accused lured the victim swith the promise of expert trading tips. Representational pic/iStock

The Mumbai Cyber Police (North Division) have arrested three men in a Rs 69-lakh share trading scam. The accused had lured the victim via a fake stock advisory link on Facebook, leading to a WhatsApp group.

The complainant, Sanjay Kishore Prajapati, 37, said he was browsing Facebook when he encountered the link promising expert guidance on stock market trading. Upon clicking it, he was added to a WhatsApp group run by unknown individuals who presented themselves as market experts. Following their investment advice, Prajapati ended up transferring Rs 8.92 lakh into various accounts over the time.

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