Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
market regulator Sebi comes up with various awareness themes to mitigate market-related frauds, they continue to grow, thanks to an unregulated arena of social media.
The latest to fall victim to one such fraud is a businessman from Noida, who has been allegedly duped of over Rs 9 crore by cyber thugs, according to a Times of India report.
According to the local police, a businessman named Rajat Bothra was added to a stock market trading group in May this year.
The group had information about profit from share market trading and since then he started small amounts of investments. By May 27, he had invested Rs 9.09 crore in share trading. However, after this, his (trading) account was closed.
Following the fraud, the businessman lodged an FIR at the Cyber Crime police station, and around Rs 1.62 crore of transacted funds have been frozen in the account.
«When we got the complaint, we immediately started an investigation and so far we have managed to get Rs 1.62 crore in his bank account frozen,» police said.
During the investigation, it was found that the bank accounts in which the duped money was transferred are located at various places, including Chennai, Assam, Bhubaneswar, Haryana, and Rajasthan, the ACP said.
The police urged the general public to be cautious of emerging online crimes and reach out to them at the earliest either by using central helpline number 1930 or emergency number 112 or at the cyber desk at local police stations.
Social media, especially WhatsApp, has become a breeding ground for
