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Surat Municipal Employee Loses Rs 27 Lakh in WhatsApp Scam

By ThePip DeskSurat Municipal Employee Loses Rs 27 Lakh in WhatsApp Scam

A Surat Municipal Corporation official lost Rs 27 lakh in a WhatsApp investment scam featuring fake stock market tips and unauthorized bank transfers.

A Surat Municipal Corporation employee fell victim to a sophisticated WhatsApp investment scam that drained Rs 27 lakh through various bank accounts. The incident highlights the growing risks associated with unverified financial advice circulating on messaging applications.

Fraudulent Investment Schemes And Money Transfers

Financial tracking reveals specific operational methods regarding the fraud:

  • Victim: A Surat Municipal Corporation employee.
  • Total financial loss: Rs 27 lakh transferred to various bank accounts provided by scammers.
  • Modus operandi: Fraudsters posed as investment experts promising lucrative returns on stock market trading within a messaging group.

Fraudsters added the victim to a messaging group where individuals posed as professional investment advisors. These operators persuaded the victim to transfer large sums of money after being convinced to invest.

Investigation And Response

The operation collapsed when the victim realized they could not withdraw their supposed profits and the scammers ceased communication. Local authorities have registered a case and are investigating the financial trail to identify the perpetrators.

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