Noida: In a shocking case of fraud, a businessman was recently duped of Rs 1.15 crore after some impostors allegedly lured him into investing in the share market. The fraudsters reportedly enticed him into gaining huge profits between 27th January to 5th March 2025. Police have registered a case under various sections of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology (IT) Act: 318(4) for cheating, 319(2) for cheating by impersonation.
What Was The Businessman Duped?
On Wednesday, the police said that the complainant, identified as Mayank Gupta visited the cybercrime branch police station and alleged that he received a WhatsApp call on January 27 from an unknown phone number. The caller Rishita, presented herself as a certified financial analyst and gave two website links. Mayank, who owns an industrial consultancy firm and lives in Sector 44, further alleged that the woman asked him to go through the given links.
The FIR further mentioned that the complainant completed the registration process on the site after multiple requests and made a transaction of Rs 1 lakh on 31st January. Surprisingly, he earned a profit of Rs 15,040 on the invested amount. He withdrew it on February 2, which made him believe that the website was genuine.
Complainant Alleges He Was asked To Pay More
HT quoted SHO Ranjeet Singh as saying, “From Feb 2 to 20, the complainant transferred a huge amount in a bid to gain a larger profit. He decided to withdraw it on February 27 but was asked to pay more as tax. After multiple attempts, when he couldn’t withdraw the money, he deposited an additional Rs 31 Lakh on March 3. He was then asked to wait for a day to withdraw this invested amount.”
Businessman Duped Of Rs 1.15 Crore
Shockingly, 24 hours later, when the fraud victim was asked to deposit more as security money, he realized that he had been duped of Rs 1.15 crore, the SHO said. Mayank filed a complaint with the National Cyber Crime Portal on March 6, 2025, and police are currently searching for the impostors to recover the lost money.
