Angel One Ltd, a prominent player in India’s fintech sector, has issued a warning to investors about the increasing presence of fraudulent social media groups misusing its name. The company has observed a growing trend of unauthorized groups on platforms like WhatsApp and Telegram, falsely claiming to be affiliated with Angel One and impersonating its senior executives. These groups are engaging in illegal activities, such as providing unregistered securities advice and making misleading claims about investment returns.
In a statement, Angel One clarified that it does not add clients to unofficial groups, solicit funds through unauthorized channels, or promise guaranteed returns. “We strongly advise investors to verify the authenticity of any communication claiming to be from our organization,” said an Angel One spokesperson. Investors were reminded to use only official platforms for transactions and to download apps solely from authorized app stores.
In Siliguri, local investors are being urged to remain vigilant, as such fraudulent activities are becoming increasingly common in regional markets. With the rise of digital trading, Siliguri investors must be cautious when interacting with social media groups and ensure that their investments are made through legitimate channels.
