New Delhi, August 25: A man has been duped of Rs 1.15 crore on the pretext of investing in the share market, according to Delhi Police. Upon receiving the complaint, the Delhi Police Special Cell registered an FIR and initiated an investigation. According to the police, the victim has been identified as Anoop Sharma, a resident of Nangloi, Delhi. Cybercrimes Rise in Navi Mumbai: Scammers Find New Ways to Dupe Gullible People in Stock Market Frauds, Says Report.

Anoop had engaged the services of an advisory company for stock market trading, which advised him to open a demat account with a particular company. Sharma subsequently opened demat accounts in the names of his family members. In the FIR, Anoop Sharma alleged that he invested more than one crore on the advice of the advisory company, but upon checking his accounts, he discovered that he had lost all his money. Cybercrimes Rise in Navi Mumbai: Scammers Find New Ways to Dupe Gullible People in Stock Market Frauds, Says Report.

Subsequently, Anoop filed a complaint with the police, accusing the advisory company of cheating and fraud. The police have initiated an investigation and are searching for the accused.

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