5 months ago
1
A 59-year-old nonmigratory of Secunderabad mislaid astir ₹72 lakh aft being cheated successful an online concern fraud involving fake banal trading, IPO allotments and a WhatsApp based concern group, cybercrime constabulary said.
According to the complaint, the unfortunate came crossed a Facebook station connected March 25, 2025, which claimed to beryllium associated with a reputed banal brokerage firm. The station redirected him to a WhatsApp radical that projected itself arsenic an authoritative concern and strategy forum. The radical administrators and truthful called experts impersonated elder executives and marketplace professionals, sharing marketplace discussions, banal tips and IPO strategies to summation his confidence.
Police said that the unfortunate was persuaded to enrol for a premier trading relationship aft submitting KYC documents. Initially, tiny investments reflected artificial profits connected a dashboard, encouraging him to put larger sums implicit time. He was subsequently pressured to deposit further amounts connected assorted pretexts, including assured IPO allotments, alleged recognition people issues and restrictive withdrawal conditions, starring to fiscal strain and intelligence stress.
When the unfortunate attempted to retreat the displayed precocious plus value, helium was asked to wage dense commissions and VIP rank charges, citing purported regulatory requirements. Despite making aggregate deposits nether unit and repeated assurances of an imminent payout, the WhatsApp radical aboriginal became inactive and the accused stopped responding. Realising that helium had been cheated, the unfortunate approached the cybercrime authorities.
