Gangtok Doctor loses Rs 5.07 Lakh in online share trading scam

Gangtok: A doctor from Gangtok has
been swindled out of Rs 5.07 lakh by a group of unknown scammers in a
fraudulent stock investment scheme. The incident has been reported to the Sadar
Police Station, and an investigation is currently underway.

The victim, a resident of
Daragoan, Tadong, lodged a complaint stating that he was added to a WhatsApp
group named “Sharekhan Club 369” without his consent. The
administrators of this group, posing as representatives of the well-known
stockbroking firm Sharekhan, convinced him to invest in stocks via the Pro
Sharekhan app and an associated website, reports India Today.

The police have registered
a case under Sections 419 and 420 of the Indian Penal Code (IPC), which pertain
to cheating and dishonesty, as well as Section 66D of the Information
Technology Act, 2000, which deals with cheating by impersonation through the use
of computer resources. Section 419 of the IPC punishes cheating by personation. The
punishment can be imprisonment for up to three years, a fine, or both. The case
can be tried by any magistrate, and the person who cheated can compound the offence
with the court’s permission, reports the Daily. Section 420 of
IPC punishes aggravated cases of cheating, such as when
someone dishonestly induces another person to give up property or alter or
destroy valuable securities. The punishment can be imprisonment for up to seven years and
a fine.

Authorities have urged
the public to be cautious of unsolicited investment opportunities and to verify
the authenticity of any financial advice or investment platforms.

Medical Dialogues team reported a similar incident where a Gurugram-based doctor was allegedly cheated of Rs 50 lakh by a woman who promised high returns in a foreign currency investment.

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