The cyber crime police in Bihar’s capital, Patna, have launched a comprehensive investigation after a local resident was swindled of ₹51 lakh in an online stock market investment fraud. The operators of the scam lured the victim by promising high financial returns of up to 30 percent on investments. A First Information Report (FIR) has been formally registered at the local cyber police station, and dedicated teams have initiated a technical review to trace and identify the network of cybercriminals involved in the operation.
Fraudsters Pose as Share Market Experts to Gain Trust
According to Cyber DSP Nitish Chandra Dariya, the fraudulent operation commenced when an unidentified individual contacted the victim via telephone and introduced himself as a highly qualified stock market expert. The caller claimed that investing through his specialized channels would guarantee a steady return of 30 percent. To systematically build trust during the initial phase, the fraudsters returned a profit of a few thousand rupees on the victim’s preliminary deposits. This calculated move successfully reinforced the victim’s confidence, prompting him to continuously invest much larger sums of money over the subsequent weeks.
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Multi-Stage Exploitation Extends Over Several Months
Police records indicate that the fraudulent scheme operated continuously from the month of February. During this extended period, the cybercriminals used various digital platforms and communication mediums to persuade the victim into transferring multiple tranches of money, eventually totaling an aggregate investment of ₹51 lakh. The deception came to light only when the victim attempted to make a routine withdrawal of his accumulated capital.
Upon attempting the withdrawal, the victim was abruptly informed by the operators that his investment account had been frozen due to regulatory or technical issues. The fraudsters then demanded additional payments under the pretext of reactivating the frozen profile.
Investigation Launched to Identify Criminal Network
It was only after facing persistent financial demands and being repeatedly blocked from accessing his original deposits that the resident realized he had fallen victim to a targeted cyber trap. He subsequently approached the cyber police station to lodge an official complaint.
Following the formal registration of the case, law enforcement authorities have initiated standard tracking protocols to map the digital footprint of the offenders. Investigators are analyzing the bank accounts and communication channels used by the suspects to dismantle the wider infrastructure supporting these high-value investment frauds in Patna.
