₹100 Crore Gone: Is Your Overseas Stock Safe?

Indian investors claim a global investing app swapped their Apple and Nvidia shares for Chinese stocks without permission. Over ₹100 crore in losses alleged. Here's what every Indian investing abroad must know to stay protected.

Here's what happened: Indian investors using the Stockal platform allege their holdings in US-listed stocks like Apple and Nvidia were swapped into Chinese equities without their knowledge or consent.. Preliminary estimates from affected investors put total losses at over ₹100 crore, though the full scale across all impacted accounts is still not established.. The case highlights a critical gap: money sent abroad under RBI's Liberalised Remittance Scheme (LRS) for overseas investing sits largely outside SEBI's direct grievance-redressal reach..

What you should do: Log in to every overseas investing platform you use right now and screenshot your current holdings — this timestamped record is your first line of evidence if trades ever appear that you didn't place.. Enable real-time transaction alerts (email + SMS) on all international brokerage or investing apps; if the platform doesn't support alerts to an Indian number, treat that as a risk worth escalating or exiting.. Check whether your platform is registered with a recognised foreign regulator (SEC in the US, FCA in the UK) — look for the registration number in the app's 'About' or 'Legal' section, and note the local regulator's complaint portal URL before you ever need it..

Under RBI's LRS rules, keep a Form A2 copy for every overseas remittance — it's your paper trail proving the money was legitimately yours if a platform dispute ever reaches Indian authorities or an adjudicator.

If this affects your borrowing choices, compare current personal loan options from 100+ lenders on GoCredit.