Una: Man loses Rs 9.7 Lakh to stock market fraud

SP Una Rakesh Singh confirmed the matter and stated that further action has been initiated.

Una: A case of fraud amounting to ₹9.70 lakh has come to light in Una, where a person was lured with the promise of high profits from the stock market. Based on the victim’s complaint, the police have registered the case and initiated further action.

According to the information, Devi Lal, son of Raja Ram, a resident of Ghandawal, Una, filed a complaint stating that he runs a company called Dev Trading in Chandigarh. His neighbors, Yugam Bhardwaj and Praveen Bhardwaj, told him that Yugam was the director of QFX Trade India Private Limited and assured him of good returns if he invested in their company.

Promising a return of ₹78,000 per month, Yugam Bhardwaj convinced Devi Lal to invest ₹9.70 lakh in the stock market. In May 2023, Devi Lal handed over the money to Yugam and Praveen Bhardwaj at Swastik Dhaba in Ghandawal, in the presence of Sandeep Sharma, Amneesh Kumar, Om Aditya Kaundal, and Karan. Yugam Bhardwaj assured him of a monthly return of ₹78,000. After giving the money, Devi Lal received three installments through Google Pay, but no further payments were made to his account.

When Devi Lal inquired about the payments, Praveen Bhardwaj gave him a cheque for ₹9,20,000 from IDFC FIRST Bank Zirakpur. However, when Devi Lal deposited the cheque for clearance, it bounced. Now, whenever he demands his money back, they threaten to kill him. Based on Devi Lal’s complaint, the police have registered the case. SP Una Rakesh Singh confirmed the matter and stated that further action has been initiated.