A senior citizen in Ahmedabad lost ₹21 lakh after he was lured with promise of profit if he invested in cryptocurrency.

Dilip Sindhe, a resident of Thaltej, saw an advertisement on Facebook in March. Through the advertisement he contacted Rajdeep Sharma, who informed Sindhe that he had a company offering good profits on investments in the stock market and cryptocurrency.

Sharma then added Sindhe to a WhatsApp group where he provided tips for investing in the stock market. Following this, Sindhe invested ₹21 lakh in cryptocurrency through a link provided by Sharma, which showed a profit of ₹1.25 crore.

However, when Sindhe tried to transfer the supposed profit into his account, he was unable to do so and realised that he had been duped.

Surat broker opens 331 fake demat account to commit frauds worth ₹2.2 cr