Team Goemkarponn
PONDA: Ponda Police have registered a cheating case after a local resident was allegedly duped of ₹4 lakh in an online stock market investment scam.
According to the complaint filed by Nishad S. Bakhale of Varkhandem, Ponda, between February 28 and March 23, 2026, unknown persons contacted him from different mobile numbers claiming to be brokers and advisors in the online stock market. The accused allegedly identified themselves as Ajay Choudhary, Udayan Gupta and Manish.
Police said the accused induced the complainant to invest money by promising high returns. Believing their claims, the complainant initially transferred ₹1,00,000 through multiple UPI transactions to IDs provided by the accused. He later invested another ₹3,00,000 by depositing the amount into a bank account linked with IndusInd Bank, as instructed.
Subsequently, the accused allegedly informed the complainant that losses had occurred in the trading account and further pressured him to make additional payments to recover the losses. However, no returns were provided and the invested amount was not refunded, resulting in a total loss of ₹4,00,000.
Further investigation is being carried out by PSI Bansal Naik of Ponda Police Station.
