- Noida businessman loses Rs 9 crore to a fake trading app via a WhatsApp scam.
- The victim, Rajat Bothra, invested in the scam believing in high returns.
- Authorities have frozen Rs 1.62 crore and are investigating the case.
A 41-year-old businessman from Noida, Rajat Bothra, has fallen victim to a sophisticated cybercrime, losing Rs 9 crore to a fake trading app. The scam began on WhatsApp, where Bothra encountered discussions about stock market investments. Posing as investment advisors, fraudsters enticed him with promises of high returns.
Bothra started with small investments but eventually invested Rs 9.09 crore by May 27. When he tried to withdraw his funds, he realized the app was fake, and his money was inaccessible. Following this discovery, he filed an FIR at the Cyber Crime police station, leading to Rs 1.62 crore of the transacted funds being frozen.
The Assistant Commissioner of Police (Cybercrime), Vivek Ranjan Rai, stated that the duped money was transferred to various bank accounts across India. This incident highlights the growing menace of cyber scams, prompting warnings from notable figures like Zerodha co-founder Nikhil Kamath and government advisories to stay alert against such fraudulent schemes.
