HYDERABAD: The Hyderabad police on Friday issued an advisory to residents to not belief social media ads, citing the case of a 60-year-old retired financial institution worker from Malakpet. In the primary week of November, the pensioner got here throughout a Facebook commercial within the title a main wealth administration agency.
After clicking the hyperlink, he acquired WhatsApp messages, the place the sender launched himself as Goshan Yadav from the agency, and guaranteed steering for worthwhile investments and IPO allotments. He was then added to a WhatsApp group named after the agency, the place members have been posting pretend screenshots of earnings and share allotments to lure traders. Encouraged by the group admins, the sufferer invested ₹8,000 and finally ₹51,23,000 by November 25, police mentioned.
The fraudsters confirmed pretend allotments of some shares on their web site, displaying a manipulated complete worth of ₹1,30,58,899. When he needed to withdraw the funds, the fraudsters demanded an extra ₹51,23,000 for releasing the proceeds. At this level, the sufferer realized he had been cheated beneath the guise of pre-IPO investments.
Police requested the residents to remain vigilant towards fraudsters who’re creating pretend ads on social media platforms in the title of reputed monetary establishments. Do not belief funding provides acquired by way of Facebook, WhatsApp, Telegram, or unknown web sites.
Always confirm the authenticity of monetary companies straight from the official web site or buyer care of the corporate. Reputed establishments by no means ask prospects to take a position by way of private WhatsApp numbers or unofficial teams.
