Noida businessman Suffers To Faux Percentage Market Scheme, Loses Rs 1.15 Crore—What Went Wrong?
Noida: In a surprising case of fraud, a businessman was recently duped of Rs 1.15 crore after some impostors allegedly lured him into investing in the share marketplace.
The fraudsters reportedly enticed him into gaining massive earnings between twenty-seventh january and 5th march 2025. police have registered a case below diverse sections of the Bharatiya Nyaya Sanhita (BNS) and the Information technology (IT) Act: 318 (four) for cheating and 319 (two) for dishonesty by using impersonation.
What became of The businessman Duped?
On Wednesday, the police said that the complainant, identified as mayank Gupta, visited the cybercrime department police station and alleged that he received a whatsapp name on january 27 from an unknown smartphone variety. The caller, Rishita, presented herself as a certified economic analyst and gave two internet site hyperlinks. mayank, who owns an industrial consultancy firm and lives in sector 44, similarly alleged that the female asked him to go through the given links.
The FIR further mentioned that the complainant finished the registration method on the web page after more than one request and made a transaction of Rs 1 lakh on 31st January. Notably, he earned a profit of Rs 15,040 on the invested amount. He withdrew it on february 2, which made him trust that the internet site had become true.
Complainant Alleges He was asked to pay greater.
HT quoted SHO ranjeet Singh as saying, "From Feb 2 to 20, the complainant transferred a large quantity in a bid to advantage a larger earnings. He decided to withdraw it on february 27 but turned into a request to pay extra as tax. After more than one attempt, when he couldn't withdraw the cash, he deposited an extra Rs 31 lakh on march 3. He turned in and then asked to watch for an afternoon to withdraw this invested quantity."
Businessman Duped Of Rs 1.15 Crore
Shockingly, 24 hours later, when the fraud victim was requested to deposit more as safety money, he realized that he was duped of Rs 1.15 crore, the SHO said. mayank filed a complaint with the countrywide Cyber Crime Portal on march 6, 2025, and police are currently looking for the impostors to get back the lost money.
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