Net of fakes and frauds: Social media advertisement leads to Rs 15 lakh trading scam - News Summed Up

Net of fakes and frauds: Social media advertisement leads to Rs 15 lakh trading scam


A senior citizen reportedly lost ₹15 lakh in a fraudulent share trading scheme after he came across an advertisement on social media, police said. Gopal Banerjee, a resident of SGIL Residenzza off Belgharia Expressway, came across a Facebook post about share trading last November and clicked on it, thinking he would gain advantages from the link. After the application was approved, they asked me to install a mobile app, which they claimed was an official trading platform of a reputed banking company,” Banerjee has reported to the police. Hoping to get good returns from trading, Banerjee transferred ₹12,16,000 from one of his bank accounts in four installments to a bank account provided to him. Senior police authorities stated that it is not advisable to click on advertisement links on social media.


Source: The Telegraph January 19, 2026 03:42 UTC



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