Investor Sues Over ₹22 Lakh Loss in Fake SRA Deal

Satish Sakharam Naikodi has filed a complaint alleging that a fraudulent SRA (Securities Registration Agreement) deal resulted in a loss of ₹22 lakh. According to the investor, the transaction was presented as a legitimate investment opportunity but turned out to be a scam. Naikodi claims that he invested the full amount after receiving assurances from the purported broker. He is now seeking compensation and has approached the local court for relief. Authorities have reportedly opened an inquiry into the alleged fraud, and the case could set a precedent for other investors wary of similar schemes.