Investment Fraud in Chandigarh: 57-Year-Old Woman Loses ₹50 Lakh
Chandigarh: 57-yr-old woman duped of ₹50 lakh in investment fraud
Hindustan Times
Image: Hindustan Times
A 57-year-old woman from Sector 18, Chandigarh, India, reported losing ₹49.9 lakh in an investment scam after being lured by a Facebook video promising high returns. The police have registered a case against the unidentified fraudster, who remains at large.
- 01The victim was scammed out of ₹49.9 lakh.
- 02The fraud originated from a Facebook video promising high returns.
- 03The scammer posed as a representative of the Securities and Exchange Board of India (SEBI).
- 04The case has been registered under multiple sections of the Bharatiya Nyaya Sanhita (BNS).
- 05The accused has not yet been apprehended.
Advertisement
In-Article Ad
A 57-year-old woman from Sector 18, Chandigarh, India, has reported being defrauded of ₹49.9 lakh (approximately $60,000 USD) in an investment scam. The incident began when she encountered a Facebook video in March that claimed an investment of ₹21,000 with the Securities and Exchange Board of India (SEBI) would yield a return of ₹3 lakh by month-end. After transferring the initial amount, she received a call from an unknown individual who convinced her to invest more and add him as a beneficiary to her bank account. The scammer further manipulated her by referencing the ongoing Iran-USA conflict to solicit additional funds. Realizing she had been deceived, the woman approached the police, leading to a case being filed under various sections of the Bharatiya Nyaya Sanhita (BNS). The police are currently investigating the matter, but the perpetrator has not yet been arrested.
Advertisement
In-Article Ad
This incident highlights the risks associated with online investments and scams, affecting individuals' financial security.
Advertisement
In-Article Ad
Reader Poll
How concerned are you about online investment scams?
Connecting to poll...
More about Securities and Exchange Board of India
Nirmala Sitharaman Advocates for Unified KYC Framework to Enhance Financial Sector Efficiency
The Economic Times • Apr 25, 2026
Sebi Chairman Tuhin Kanta Pandey Announces Plans for Regulatory Simplification and Tech Integration
The Economic Times • Apr 25, 2026

Finance Minister Advocates for Unified KYC Norms to Enhance Investor Onboarding
Mint • Apr 25, 2026
Read the original article
Visit the source for the complete story.




