Ahmedabad: A 36-year-old businessman from Vastrapur has lodged a complaint with police alleging that a man and his mother cheated him of Rs 5 lakh by promising lucrative returns through investments in the stock market, MCX and cryptocurrency.According to the FIR registered on Friday, the complainant came into contact with the accused in 2024 when the latter visited his salon as a customer. The two subsequently remained in touch through WhatsApp. In Jan 2025, the accused allegedly told the complainant that he and his mother ran companies engaged in investment activities and could offer attractive returns.The complainant alleged that, trusting their assurances, he transferred Rs 3 lakh in Jan 2025 and another Rs 1 lakh in Feb 2025. On Feb 5, he allegedly transferred an additional Rs 80,000 and paid Rs 20,000 in cash, taking his total investment to Rs 5 lakh.However, he alleged that he neither received the promised returns nor got back his principal amount. When he sought repayment, the accused and his mother allegedly gave various excuses and failed to provide any satisfactory response.The businessman approached Vastrapur police and lodged a complaint.
