GUWAHATI: Chhote Narain Sinha, a resident of Rehabari in Guwahati, has reported a fraud involving an alleged investment through the reputed foreign trade company, Morgan Stanley. Sinha was swindled of ₹1.3 crore in a scam that promised high returns in the stock market.
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The victim fell prey to the scheme, making multiple payments over time, believing he was investing in lucrative shares through Morgan Stanley. It was only after realising that he had been deceived, Sinha reported the matter to the cyber crime online portal and later approached the Cyber Police Station (PS) at Panbazar on May 16.
Upon receiving the complaint, the Cyber PS team initiated an investigation. They managed to freeze and recover ₹28.62 lakh of the defrauded amount before the criminals could fully transfer it out of reach.
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The cybercriminals had already moved significant portions of the funds through a web of transactions across various bank accounts. On Thursday, June 6, ₹22.5 lakh of the recovered amount were credited back to Sinha’s bank account.