Online Trading Scam Hits Jamshedpur Resident Hard

Jamshedpur man loses over Rs 20 lakh in a sophisticated online share trading fraud.

A Jamshedpur resident’s trust in an online trading platform leads to a significant financial loss.

JAMSHEDPUR – The police have initiated an investigation following a complaint regarding an elaborate online trading scam.

Rakesh Roshan Sharma realized he had been deceived after being locked out of his trading account.

Despite his efforts to withdraw funds, the company misrepresented the transactions as loans.

He had invested additional funds into what he believed was the company’s IPO.

Confidence in the initial transaction led him to contribute more based on initial profits shown.

A profit of Rs 3,929, credited to his bank account, falsely reassured him of the venture’s legitimacy.

After making an initial investment, Rakesh saw a small return, encouraging further investments.

A trading account was created for him using a deceptive link sent through WhatsApp.

He joined a WhatsApp group that promised lucrative share trading opportunities.

An FIR has been lodged by Rakesh Roshan Sharma after losing over Rs 20 lakh to an online scam.