yndoor, August 12, 2025 – A resident of Nagoor in Kirimanjeshwara, Altaf Husen (42), fell victim to an online share trading scam, losing ₹10.15 lakh, according to a complaint filed at Byndoor police station. The case was registered under sections 66(C) and 66(D) of the IT Act and sections 318(2) and 318(4) of the Bharatiya Nyaya Sanhita (BNS) as Crime No. 148/2025.
On July 5, 2025, at around 10 AM, Altaf clicked a link on his Facebook account that added him to a WhatsApp group named ‘Next ***** Technology.’ In the group, a woman named Parinithi Jain (mobile: 94152*****) claimed to represent Next ******** Technology Pvt Ltd and provided share market information. Another member, Anup Tiwari (mobile: 82805*****), shared daily stock updates. On July 10, Parinithi sent Altaf a link to ‘sto***.ux***.com,’ along with login credentials to register an account.
Trusting the company, Altaf transferred a total of ₹10.15 lakh via PhonePe and UPI to various bank accounts provided by the accused for purchasing shares and IPOs. On August 5, the website displayed his investment and profits totaling ₹75.42 lakh. However, when he attempted to withdraw the amount, his account was blocked. Parinithi informed him that a 20% commission was required, but even after requesting the remaining amount post-commission, the accused refused to comply.
Suspecting foul play, Altaf visited the supposed company address in Bengaluru, only to discover no such company existed. Realizing he had been scammed, he filed a complaint with the Byndoor police.
This incident highlights the growing threat of online share trading frauds, with scammers using social media and fake websites to exploit victims. Police are investigating, and the public is urged to verify the legitimacy of investment platforms before transferring funds.
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