BusinessPhoto: News18 BusinessNearly 30 Investors Lose Over Rs 100 Crore in Stockal US Stock Scam
Nearly 30 retail investors lost over Rs 100 crore in an alleged trading fraud involving Bengaluru-based fintech Stockal Securities. On October 15, their US stock portfolios were liquidated without authorization, and proceeds were used to buy shares of thinly traded Chinese firm Zhibao Technology Inc. Investors reported no alerts or verification requests before the unauthorized transactions. Losses may be higher than initial estimates.
News18 Business··Bengaluru


