Noida man loses Rs.44L to stock trading fraud
Noida, Sept. 6 -- A 48-year-old man was allegedly duped of Rs.43.86 lakh in Noida's Sector 168 police said on Friday. He was added to a WhatsApp group through a social media platform for stock market trading, they added.
Police said the victim, who did not wish to be identified, is a resident of a high-rise in Noida, Sector 168. He was added to the group on July 11 for share market trading. "After a fortnight, I was asked to trade to get guaranteed profit," the victim said in the FIR, adding, "Initially, I invested Rs.30,000, but gradually I made 25 transactions of Rs.43.86 lakh."
Police said when the victim tried to withdraw his "profit", he was directed to invest an additional Rs.15 lakh. "When he denied, the fraudsters disabled all the links provided to him for investment," said Cybercrime Branch, SHO, Ranjeet Singh....
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