Exim Bank Manager Loses ₹1.35 Crore In Share Market Scam After Joining WhatsApp Groups | Pinterest
Mumbai: An assistant general manager from the Exim Bank of India lost Rs1.35 crore in a share market investment scam. The scammer added her mobile number to a WhatsApp group, and she followed the instructions, eventually losing her savings.
Based on her complaint, the Western Cyber police registered an FIR against an unidentified person on March 19. The complainant, Shikha Kumar, 45, resides in Juhu. On December 9, 2024, an unidentified person added her mobile number to ‘Sovit Dwivedi MSF-VIP Official Group’ and ‘G3 Angel One Official Internal Group’ on WhatsApp, where admins posted share market investment information.
A few days later, the admins asked her to download the QuantsAIS and Angel One apps to invest. She also entered her personal information, including her Aadhaar card number, following which she received an ID and password. She started purchasing shares via the apps and transferred money from her Axis Bank and Yes Bank accounts to various provided bank accounts.
From December 2024 to January 2025, she transferred Rs1.35 crore through multiple transactions to banks such as Kotak Mahindra, Bandhan Bank, Indian Overseas Bank, and many more. Online, she could see a profit of Rs6 crore on her investment.
However, when she tried to withdraw the amount, she was unable to do so. She contacted the customer service executive and requested a refund, but the scammer provided various excuses and evaded returning her money. Eventually, she realised it was a scam and approached the cyber police. A case has been registered under sections 318(4) (cheating), 319(2) (cheating by personation), and various relevant sections of the Bharatiya Nyaya Sanhita, along with relevant sections of the Information Technology Act
