Fraudulent Financial Firm Amansa Capital Falsely Claims SEBI Regulation to Steal ₹1.37M

A 28-year-old Indian IT professional reported to the police and claimed that he was defrauded of 1.375 million rupees by individuals posing as stock investment advisors authorized by the Securities and Exchange Board of India (SEBI).

According to victim Dhairya Vora, on May 17, he was added to a WhatsApp group named "A5 Training Group" and was subsequently induced to participate in stock trading.

Two administrators of the group—Jay Verma and Anvi Sharma—claimed to represent Amansa Capital Pvt Ltd. They falsely claimed the company was authorized by SEBI to provide investment advisory services.

Vora was instructed to download an application via a link shared in the group and provided his Aadhaar card and personal details during registration.

Believing this to be a legitimate investment opportunity, the victim invested in stocks following the administrators' "tips." Between May 20 and June 3, he made multiple transfers to bank accounts specified by the administrators at their direction.

To gain Vora's trust, the scammers initially allowed him to withdraw small amounts. During the early stages of his "investment," the victim received two withdrawals of ₹50,000 and one withdrawal of ₹8,700. This tactic further made him believe in the platform's legitimacy.

When Vora had invested a total of ₹1.375 million, the scammers allegedly restricted his access to the account. The so-called system errors kept appearing whenever he tried to withdraw.

The victim told police that instead of resolving the withdrawal issues, the administrators harassed him, demanding additional payments.

BrokersView reminds you

Investors should exercise extreme caution regarding investment schemes promising lucrative returns in a short period. Such unrealistic promises often come with significant fraud risks.

To avoid financial losses, investors must invest with caution and steer clear of unregulated brokers