Kolkata doctor loses ₹36 lakh in online scam

India Jun 27, 2025

A Kolkata doctor lost ₹36 lakh after falling for an online investment scam that started with a Facebook ad.
The ad led him to a WhatsApp group offering stock market tips, where he was encouraged to invest more and more money.
Things unraveled when he tried to withdraw his supposed profits but got locked out of the fake platform.

Scammer arrested, half the money traced

The scammers kept him hooked for two months, sending convincing messages and advice to get him to invest in installments.
After he reported the fraud, police arrested Prosenjit Ranjan Nath—who received half of the stolen funds—and traced ₹18 lakh to his company, The Local Brand Shop.
The investigation is still on, with police warning everyone to be extra careful about investment offers on social media.