Panchkula, Aug. 20 -- A 54-year-old pharmacy officer from Sector 4, Panchkula, has lost Rs.14.16 lakh in a stock market investment scam.

The victim, who works at the Haryana Home Guard and Civil Defence training institute in Moginand village, filed a complaint on August 16 after being duped by scammers operating through WhatsApp and a fake trading app.

The fraud began on July 14 when he came across a video on Instagram by one Sagar Sinha promoting high returns through stock trading. This led him to a WhatsApp group named "C-87 Motilal Oswal The Karma Classroom," where he was guided by admins to invest via a fake app called "Mofsl Max."

He initially invested Rs.1 lakh, followed by more transfers totaling Rs.14.16 lakh.

The scammers fab...