Guwahati man loses ₹1.3 crore in investment scam, partial recovery made

Chhote Narain Sinha, a resident of Rehabari in Guwahati, was defrauded of ₹1.3 crore in a scam involving an alleged investment with Morgan Stanley.

Promised high returns in the stock market, Sinha made multiple payments, only to realize he had been deceived.

He 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 and managed to freeze and recover ₹28.62 lakh of the defrauded amount.

The cybercriminals had already moved significant portions of the funds through various bank accounts. On June 6, ₹22.5 lakh of the recovered amount was credited back to Sinha’s bank account, while the investigation continues.