A case of financial fraud has been reported in which a man was allegedly cheated of ₹8 lakh on the pretext of investment profit in a committee scheme. The accused, identified as मनीष शर्मा, is a former employee of the victim’s company and allegedly collected money promising high returns. The victim, kapil rajput, has lodged a complaint with the police, following which a notice has been issued to the accused and bank transaction records have been sought.
According to Kapil Rajput, he works in the legal department of a company located in Vasundhara Sector-1 in Indirapuram. The accused, Manish Sharma, was previously employed in the marketing department of the same company and had remained in contact even after leaving the job in 2023. During this period, the accused allegedly convinced the victim to invest money in trading and committee-based investment schemes by promising attractive profits.
The complaint states that in 2024, the accused first persuaded the victim to invest ₹2 lakh in the scheme. After some time, the accused returned ₹2.40 lakh, including an additional ₹40,000 as purported profit, which increased the victim’s trust. Encouraged by this, the accused again proposed investment opportunities and claimed that committee participation would generate substantial financial returns.
In August 2024, the accused suggested investing in two separate committee schemes. He allegedly claimed that the first committee would yield ₹8.95 lakh and the second would provide ₹9.85 lakh in returns. Believing these assurances, the victim transferred ₹8 lakh to the accused, including ₹5 lakh through bank transfer and ₹3 lakh in cash.
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The victim further alleged that after receiving the money, the accused gradually reduced communication and later stopped responding altogether. In November 2025, the accused allegedly assured that the amount would be returned, but payment was not made until January 2026. When the victim repeatedly demanded his money back, the accused reportedly used abusive language and claimed that the amount should be forgotten. The victim also accused the suspect of issuing death threats.
Following the complaint, local police initiated an investigation into the matter. Officials said that the accused has been issued a notice and details of bank transactions have been called for to trace the flow of money. Authorities stated that further legal action will be taken based on evidence collected during the investigation.
Such incidents reflect the increasing number of financial fraud cases in the region. Police have appealed to citizens to verify any investment scheme thoroughly before transferring money and to avoid falling for promises of unusually high returns. Authorities particularly warned people to exercise caution when dealing with personal committee or trading schemes operated informally.
Local administration officials stated that strict action is being taken against fraud cases once complaints are received. Efforts are also being made to create awareness about cyber and financial crimes. Authorities further advised people to verify the credentials of any investment proposal and check legal documentation before trusting such offers.
Meanwhile, police are continuing the investigation and have summoned the accused for questioning. Further action will be taken after completion of the inquiry process.
About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.
