aaa xxx 15 July 2026

I lost 60lakhs of money in fake online share trading app with fraudulent guidance

I am Deepa. I saw an Ad in online for stock recommendation service for 20% profit. I clicked on it and gave my number. Through WhatsApp invite link I joined their group. One lady spoke to me from the group and told me that they will suggest Institutional stock, OTC share and IPO recommendations. I started with Rs.20,000. They told me if the profit goes beyond 200% I need to pay them 20% of profit as service fee. They told me to invest my money in different different bank accounts. They told those are all SEBI Escrow Accounts. For two weeks it went well. They showed good profits in the Trading App(UHNWIs), which I downloaded from play store. Even I tried to withdraw my money from the trading app. Twice I got my money back. By seeing performance I invested upto 60 lakhs little by little. All the money I had, I invested. Then when I tried to withdraw some money, they said, " your profit reached above 600% you need to pay service fee" and If I pay 5% service fee only, withdrawal amount will be credited to my account. Even after paying them service fee again they told me, "all amount will be credited to your account, but bank manager is asking commission 5 lakhs, so pay the amount to get your money in your account"....I found they don't have intention to return the money. I went to cyber crime for help. They told me I its fraud and Fake Trading App. They filed FIR. Please help me. Is there anyways of getting my money back. Cyber crime also told none is there in the addresses of bank accounts details(SEBI Escrow Accounts where i was asked to invest 60 lakhs). Now the app is Disabled by play protect. Is it possible to find the App Owners. I saw my complaint details file.... It has transactions in different accounts at different layers with holded disputed amount mentioned....those accounts are frozen. Can I atleast get that disputed amount. Cyber crime told me that i cannot get that disputed amount as it is in different layers. kindly help me to trace out the criminals to get my money back.

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Quick Summary

This discussion details a harrowing experience where Deepa lost ₹60 lakhs to a fraudulent online share trading app. Initially lured by promises of high profits, she invested more and more until the scammers demanded exorbitant fees for withdrawals. The app has since been disabled, and the bank accounts used for transactions are frozen. While the cybercrime unit has filed an FIR, they indicated difficulty in recovering the funds. The advice provided suggests a specific court process, a 'Property Release Application,' to petition a judicial magistrate for the return of the frozen 'holded disputed amount' as the rightful victim.

2 Replies

T. Kalaiselvan, Advocate (Advocate) 17 July 2026

Please know that you are not alone—thousands of individuals across the country are being targeted by these highly organized "UHNWIs" and fake institutional trading scams.

The Cyber Cell's automated system tracked these transfers and placed a lien (a legal hold) on the funds wherever they caught up to them. If your case file shows a "holded disputed amount," it means a portion of your money (or money from the scam chain) is legally locked in those accounts. The banks cannot release it to the fraudsters, and the fraudsters cannot withdraw it.

You can get the frozen money but it requires a specific court process, not just the police. The police do not have the legal authority to hand frozen money back to you directly; only a judicial magistrate can order a bank to release funds.

Since your FIR is registered, your legal remedy is to file a "Property Release Application before the concerned court.

You can pray the court to release the specific "holded disputed amounts" to you as the rightful victim of the fraud. If multiple victims' money is mixed in those accounts, the court may order a pro-rata (proportionate) distribution.

Please note that the money is currently frozen in the banking system, which means it hasn't completely vanished yet. Focus your energy on working with a legal professional to petition the court for those frozen funds.

aaa xxx 19 July 2026

Thank you for your valuable information sir. I get sms regarding the holded amount. will i get it? what is the procedure sir.... I saw my complaint file with more disputed amounts in various layers (frozen accounts). Is it possible to get the disputed amounts.... please tell me how to get disputed amounts.... because cyber crime police told its not possible to get the disputed amounts...