A 54-year-old man in Noida was duped of ₹48.60 lakh by promising profits in forex trading, police said on Thursday. According to police, Sandeep Agarwal, a resident of Sector 45, said in his complaint that a few months ago he had a conversation with a woman on social media.
The woman convinced him to invest in forex trading. According to the FIR, Agarwal said, “Initially I was not interested, but on the woman’s persistent insistence, I opened a trading account and deposited money through some dealers.”
Police say Sandeep was told that he cannot invest directly and he will have to invest money only through the dealer. Cyber Crime Branch SHO Ranjeet Singh said, “Initially Sandeep invested a small amount and also withdrew some profit. But when the woman won his trust, he invested a total of ₹48.60 lakh.”
The SHO also said that on May 13, Sandeep realised that he had been duped when he was asked to pay tax to withdraw the profit. He then lodged a police complaint, based on which a case has been registered under the IT Act and the Indian Penal Code under sections of cheating and impersonation. The case is under investigation.
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