Vadodara Man Loses ₹2.20 Lakh in SDPay Investment Fraud, Fails to Withdraw Funds
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
A Vadodara driver lost ₹2.20 lakh after investing in the SDPay application on friends’ advice, with the promised cashback and returns later becoming inaccessible.
Hiteshbhai Khumansinh Parmar, a resident of Talawala Phalia in Dashrath village, filed a complaint at Chhani police station over the alleged fraud.
Money Transferred Through Google Pay
According to the complaint, Parmar was introduced to SDPay in February 2026 by acquaintances who promised cashback and good daily returns. He registered on the application using his personal details and received an ID and password. He then transferred a total of ₹2.20 lakh in installments from his and his family members bank accounts to an SDPay virtual account through Google Pay.
The application initially showed cashback messages on his mobile. Its wallet also displayed ₹2.43 lakh, which he believed had been credited as returns.
₹1 Lakh Invested in IPO Shares
Parmar also purchased IPO shares worth ₹1 lakh through the application.
However, when he later tried to withdraw his cashback and investment amount, he was unable to do so.
The site administrators then allegedly asked him to deposit another ₹2,000 into the wallet to receive the money. Parmar made the additional payment, but he still did not receive his money back. He subsequently approached Chhani police and filed a complaint regarding the alleged fraud.
