Online stock market scams are on the rise these days. Scammers send links through social media platforms like Facebook and WhatsApp, promising high returns, only to lure people into scams and steal their money.

One such incident has come to light involving a person from the Paldi area of Ahmedabad, Ajay Thakor, who was scammed after being promised high returns in a WhatsApp group.

A few months ago, Thakor received a link via message to join a WhatsApp group. After joining, he received various tips regarding investments in IPOs and the stock market. Following these tips, he opened an account and invested ₹74.66 lakh in the market. While he was shown a good profit initially, he only received ₹12,000 in return. The remaining amount he invested was not returned by the scammers.

In a similar incident, a woman from Jivraj Park, Ahmedabad, was given different stock market tips via WhatsApp and was promised a 1200% profit. She then invested ₹27 lakh.

The Cyber Crime Cell has registered two separate complaints and has begun investigations into both cases.

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