Noida, August 8: Cybercriminals have defrauded three individuals in Noida of a staggering ₹1.38 crore by luring them with promises of high returns in the stock market, IPO investments, and fake trading platforms. The scammers used social media, WhatsApp groups, Telegram, and fraudulent mobile apps to gain the victims’ trust.
Initially, the victims were shown minor profits to encourage further investments, which later led to the transfer of millions into various bank accounts. Following complaints, the Cyber Crime police registered FIRs in all three cases and have begun their investigations. According to police reports, Amin Ullah Khan, a resident of Mahagun Modern in Sector 78, was the most significant victim. He stated that he was contacted via Facebook Messenger in September 2025.
Lured by the prospect of daily profits in the stock market, he was added to a WhatsApp group. Subsequently, he deposited funds into different bank accounts under the guise of investment. To build trust, he was allowed to withdraw ₹53,000 initially, which was later reinvested. Between October 16 and November 13, 2025, he transferred over ₹72 lakh from two of his bank accounts into various accounts. Later, he was pressured to deposit an additional ₹18.87 lakh and then ₹30 lakh under the pretext of investing in an IPO. When he refused to pay, he was threatened that his previously deposited amount would be seized, leading him to realize he had been scammed.
In another case, Monish Kumar Ghosh, also from Sector 78, fell victim to a scam totaling ₹52.49 lakh. He reported that in January 2026, he was introduced to investment opportunities through WhatsApp groups named after reputed companies and a mobile app called TCG Plus. After initially investing ₹1 lakh, he gradually deposited a total of ₹52.49 lakh. When he attempted to withdraw ₹5 lakh, he was asked to pay a 20% service charge and later a tax of ₹21.33 lakh. He received fake income tax notices, and upon contacting the company, he discovered that his name and documents were being misused.
The third victim, Devendra Singh Rawat from Sector 108, was contacted via Telegram and enticed with promises of substantial returns. He was added to a group and deposited funds into various bank accounts, ultimately transferring ₹13.12 lakh. When he tried to withdraw his investment, he received no payment, leading him to realize he had been a victim of cyber fraud.
The Cyber Crime police have registered cases in all three incidents and are investigating bank accounts, mobile numbers, WhatsApp groups, Telegram accounts, and fraudulent trading apps. Authorities warn that cybercriminals are increasingly targeting individuals through social media and online investment schemes.
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