City
Epaper

Mumbai: Ghatkopar Man Duped of ₹6.13 Lakh in Share Trading and IPO Scams

By vishal.singh | Updated: September 12, 2025 20:19 IST

A shocking case of online fraud has come to light in Ghatkopar, where a young man was duped of ...

Open in App

A shocking case of online fraud has come to light in Ghatkopar, where a young man was duped of ₹6.13 lakh under the pretext of share trading and IPO investments. The Ghatkopar police have registered an FIR in the matter and initiated further investigation.

 

The victim, identified as Devendra, works at Mall in Kurla. On June 30, he received a WhatsApp message from an unknown woman, promising profits through share trading. He was then added to a WhatsApp group named Infinite Possibilities 497, where two individuals, Vanshika Sharma and Akash Saxena, convinced him that he could earn huge returns through stock market investments.

 

Initially, Devendra invested ₹10,000, and when a profit of ₹2,000 was credited to his account, he gained confidence. Following this, the accused lured him into transferring larger sums — first ₹95,000, and later ₹5 lakh in the name of IPO purchases. The money was routed to multiple bank accounts, including those under the names Mahakal Agro Feed Pvt Ltd and SSV Fashion, as well as through various UPI IDs.

 

On September 4, Devendra was shown on the Fisdom app that he had made a profit of ₹18 lakh from the IPO of Vikrant Engineering Ltd. However, when he attempted to withdraw the amount, the transaction failed. Soon after, all the accused switched off their mobile numbers.

 

Realising that he had been duped, Devendra immediately filed a complaint with the Cyber Crime Helpline (1930) and approached the police station. Based on the preliminary probe, police have registered a case of cheating against suspects Vanshika Sharma, Akash Saxena, and the holders of the linked bank accounts and UPI IDs.

 

 

Tags: Mumbai NewsMumbai cyber crimeGhatkoparGhatkopar police stationcyber crimeonline fraudIPO
Open in App

Related Stories

MumbaiMumbai Songwriter Duped of ₹3.25 Lakh on Pretext of Work with Singer Kailash Kher

NationalDelhi Police Crack Online Investment Scam Worth Rs 74 Lakh, 2 Key Accused Nabbed

MumbaiMumbai Traffic Police Crack Down on Violators; ₹7.72 Crore Fine Collected in a Month

MumbaiMumbai: DRI Seizes ₹37.7 Crore Gold at Mumbai Airport, 25 Foreign Nationals Under Scanner

MumbaiMumbai Accident: Speeding Bike Claims Life of Pedestrian in Malad; Delivery Boy Arrested

Mumbai Realted Stories

PunePune: Mother and Lover Kill Six-Year-Old Child; One Arrested, One at Large

Navi MumbaiNavi Mumbai: Two Men Stab 32-Year-Old, Loot Cash in Panvel; Police Probe on

MumbaiMumbai: Fire Breaks Out at Terminal 1 of Chhatrapati Shivaji International Airport; No Injuries Reported (Watch Video)

MaharashtraMaharashtra: Man Duped by Cyber Fraudsters Promising High Stock Market Returns in Prabhani

ThaneThane: Retired Police Officer Booked for Assault and Misconduct in Kalyan Residential Society