Sikkim Police registers FIR in online trading scam case
According to the complaint, Ramesh Basnett, a 47-year-old resident of College Valley, Tadong, Gangtok, was contacted by unknown individuals claiming to be employees of a company called Bullish India.
LOCAL
Sikkim Police have registered a case against unknown persons in connection with an alleged online trading scam. The case, filed under FIR No. 33/2025 at Sadar Police Station on March 5, 2025, has been registered under sections 319(2), 318(2), 112(2), and 111(2)(b) of the Bharatiya Nyaya Sanhita (BNS), 2023. The investigation into the matter is currently underway.
According to the complaint, Ramesh Basnett, a 47-year-old resident of College Valley, Tadong, Gangtok, was contacted by unknown individuals claiming to be employees of a company called Bullish India. They convinced him to invest money in online trading, promising lucrative returns. Initially, Basnett received some profit, which encouraged him to invest further. Over time, he transferred an estimated sum of ₹4.5 to ₹5 lakh through UPI transactions at different intervals.
However, when he tried to withdraw his profits, he faced difficulties. Some of the phone numbers used by the alleged fraudsters were found to be switched off, while others continued to demand additional payments under the pretext of commission charges. Realizing that he had likely fallen victim to a scam, Basnett lodged a formal complaint with the police, seeking legal action against the perpetrators.