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Bengaluru investor falls victim to WhatsApp stock trading scam, loses ₹41.7 lakh
Bengaluru
A tech-savvy investor from Bengaluru has fallen victim to an elaborate online trading scam, losing ₹41.7 lakh to fraudsters posing as representatives of a Mumbai-based investment firm.
According to the FIR, the complainant, an active stock market trader, received a promotional message related to stock trading on May 25. Upon checking, it appeared linked to a Mumbai-based company called Avesta Fund Management. The complainant was contacted via mobile number 8971965043 and added to a WhatsApp group allegedly run by Aishwarya Vyas (9581084684) and Farooq Pandole (78247 58902).
The group frequently posted investment plans, and later shared an app link “gi911100/” claiming that investments made through it would double in value. Trusting the offer, the complainant transferred a total of ₹41,70,000 from their Karnataka Bank accounts (5282500100485801 and 528000100009001) to multiple bank accounts provided by the scammers.
The accounts used for the fraud include
- IDFC Bank – 10078782255 / IDFB0080852
- IDFC Bank – 10227045010 / IDFB0080932
- IDFC Bank – 10198001048 / IDFB0020134
- Central Bank of India – 5788747890 / CBIN0280655
- Bandhan Bank – 2010044059589 / BDBL0001574
- Bandhan Bank – 20100043695256 / BDBL0001457
- Bank of Maharashtra – 60234803153 / MAHB0000064
- Bank of Maharashtra – 60536289096 / MAHB0001754
- Bank of Baroda – 99270200001855 / BARBODBMAZG
- Bank of Baroda – 31900200001873 / BARBONALASQ
- Bank of Baroda – 99270200001857 / BARBODBMAZG
- Ujjivan Small Finance Bank – 4505110190053933 / UJVN0004505
- Kotak Mahindra Bank – 9848398102 / KKBK0002575
- The Saraswat Co-operative Bank – 610000000052831 / SRCB0000392
Police have launched an investigation to trace the suspects, freeze the accounts, and recover the funds.
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