News > Hyderabad man loses ₹50 lakh after joining WhatsApp group for investment advice

Hyderabad man loses ₹50 lakh after joining WhatsApp group for investment advice

According to a report, the WhatsApp group was led by a man named Kunal Singh, who introduced himself as a financial advisor with extensive experience in the stock market. Singh boasted his clients earned returns as high as 500%. The victim, 69, trusting his guidance, began to invest money on Skyrim Capital. He transferred Rs 50 lakh into multiple investments. However, when the victim attempted to withdraw his funds, he was unable to do so.