Tag: loan ads on Instagram

Rs. 61000 STOLEN through loan scam on Instagram; how this woman lost her money
Technology

Rs. 61000 STOLEN through loan scam on Instagram; how this woman lost her money

[ad_1] Social media has turned into a green field for online fraud. In a shocking instance, Instagram Reels proved to be the ondoing of a woman restaurant owner from Worli-Koliwada in Mumbai. She was scammed out of over Rs. 61000 after she applied for a low-interest rate futures loan, which she found on Instagram Reels. As per a report by Hindustan Times, Rutali Kolge, approached the police on February 23 and lodged a report about the incident.On February 17, while searching for a loan to expand her business, she came across an advertisement on Instagram Reels. She clicked on the "Apply" button, which directed her to an online form to fill in her personal details. On the same day, she received a call from someone claiming to be Pankaj Singh Bhaduria, a representative of the finance com...