The m-cap of RIL went past Rs 16 lakh crore mark in intra-day trade on Thursday following a rally in its share price.
Credit: iStock Images
Udupi: Two individuals have lost a total of Rs 27.8 lakh in separate online fraud cases related to investment scams.
Pavan Kumar from Udupi lost Rs 14 lakh in an online investment scam. In a complaint, he claimed that he was added to a WhatsApp group named ‘C22 Investment Alliance Trading’ by unknown persons.
Unidentified persons in the group were sharing information about the stock market and potential profits, convincing the complainant of the high returns.
The victim was persuaded to invest through the ‘Causeway App’, with a promise of high returns.
Believing the fraudsters, the complainant transferred a total of Rs 14 lakh to various bank accounts specified by the unknown individuals between October 7 and October 19.
However, he failed to get any profit as promised. A case was registered under the Cyber Crime Police Station.
In a separate case, a man lost Rs 13.8 lakh. Kumar from Badagubettu village was asked to engage in online share trading in the first week of August.
He said that following the advice, he downloaded a link for the Ahankit Securities app and invested a total of Rs 13. 8 lakh in a phased manner.
However, the accused deactivated the complainant’s login ID, preventing him from withdrawing the amount invested. A case has been registered under Udupi Town Police Station limits.