Bengaluru-based platform alleged in ₹100 crore stock scam; investors report losses on US blue-chip stocks

A global investment fintech platform based in Bengaluru, Statcall, is facing allegations of a stock scam involving over ₹100 crore in US shares. Reports claim that over 30 Indian retail investors sold blue-chip US stocks like Apple and Nvidia without their consent. The funds were allegedly transferred to invest in Gibavo Technology, a less traded Chinese penny stock, causing significant losses.