Bizman loses Rs 1.38 crore in trading scam
HYDERABAD: A 48-year-old businessman from Vanastalipuram was allegedly duped of Rs 1.38 crore after falling prey to trading scam.
According to his complaint, on June 21, he was added to a WhatsApp trading group run by Mukesh Kumar Sharma and Surbhi Gulshan Singh Sobti. Later, he joined another group where stock tips and trading advice were shared.
Initially, the victim invested a small amount and even earned profits. On July 21, he invested Rs 50,000 and received a return, which encouraged him to put in larger sums in stocks and IPOs.
