A 37-year-old man, resident of Sector 1 in Greater Noida, was allegedly duped of ₹ 20.2 lakhin a share market trading fraud, police said, adding that a case has been registered at the Cybercrime Branch police station.
After the form-filling procedure, they allegedly gave him a link to download an application for share market investment. But when I attempted to withdraw my profit, they asked me to transfer more money towards various charges, warning that otherwise, I would be put into the default list,” the FIR stated. Later, when he attempted to withdraw his profits, he was directed to pay more money.
“Through their website, I transferred ₹ 20.2 lakh in 10 transactions between September 16 and October 6.
Police said that after a few days, he was provided with a form to open a demat account. Police said the victim was also asked to start investing through an application provided by the fraudsters. A case was registered at the Cybercrime Branch police station, and efforts are underway to recover the money, said Vijay Rana, station house officer of the Cybercrime Branch police station.
A case of cheating and cheating by personation under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology (IT) Act was registered at the Cybercrime Branch police station, and further investigation is underway.
Police said that when the victim suspected he had fallen into a trap, he filed a complaint on the National Cyber Crime Reporting Portal (NCRP).
