Mumbai: CA duped of Rs 23 lakh by cyber fraudsters posing as SEBI-authorised market advisors

A 52-year-old chartered accountant has lodged a complaint with the Mumbai police after he was allegedly duped of Rs 23 lakh by unknown cyber fraudsters under the pretext of earning high returns through investment in the stock market.

The incident took place between April 4 and June 3 this year, police said. According to the complainant, who lives with his family in Malad, on April 12 he came across an advertisement on social media from IIFL Securities promoting investment in the stock market.