In a recent incident in Ahmedabad, an Angadia trader fell victim to a trap and was duped of Rs 14 lakh by a satellite trader. The Angadia trader was approached by the satellite trader who claimed to be in need of urgent funds for his business. The satellite trader convinced the Angadia trader to lend him the money with the promise of repaying it within a short period. However, after receiving the money, the satellite trader disappeared without a trace. The Angadia trader tried to contact him but his phone was switched off. The Angadia trader then approached the police and lodged a complaint against the satellite trader. The police have registered a case and are investigating the matter. This incident serves as a reminder for traders to be cautious and verify the credentials of individuals before lending them money. Angadia traders play a crucial role in the financial ecosystem of India, especially in Gujarat, where they are known for their reliability and efficiency in transferring funds. The Angadia system has been in place for centuries and is based on trust and integrity. However, incidents like these can tarnish the reputation of the Angadia system. It is important for traders to be vigilant and protect themselves from such fraudulent activities. The police have advised traders to conduct thorough background checks before engaging in financial transactions with unknown individuals. As the investigation into this incident continues, it is a wake-up call for all traders to be wary of potential scams and frauds.