A city resident lost ₹24.22 lakh to online investment fraud.
In a compliant to Cyber Crime, Economic Offenses, and Narcotics (CEN) station, the victim said in March he saw an advertisement related to trading on Instagram. On clicking the link, it led to Fyers Market discussion group on Whatsapp. One Sharon Trivedi sent him link of Fyersplus application.
The victim downloaded the application and started transferring money related to different growth schemes on the app. Similarly, he also started investing in the schemes offered by Zeroda Trading company. In all the victim invested ₹24.22 lakh between April 21, 2024 and May 31, 2025. When he asked for return of invested amount, he was asked to pay income tax and commission charges.
After paying the charges, fraudsters demanded deposit of 10% of the invested amount as security deposit for return of the invested amount. Realising that he has been cheated, the victim filed compliant seeking action against Fyers Market and Zerodha trading firms.
Published - June 07, 2025 08:25 pm IST
