A printing press owner in Purnia has become the victim of a highly coordinated cyber fraud scheme, losing a total of Rs 12.88 lakh over a span of 26 days. The victim, identified as Santosh Kumar Singh, a resident of Gokul Krishna Ashram Road in Subhash Nagar, filed a formal written complaint with the regional cyber police station immediately after uncovering the deception. Law enforcement officials have registered the case and initiated a multi-layered technical investigation to track down the network of fraudsters involved.
Social Media Trap Initiates Multi-Stage Stock Siphoning Operation
The fraudulent operation commenced when a woman identifying herself as Saujanya Gill contacted the businessman through Facebook and Messenger platforms. After establishing initial contact, the woman migrated the interaction to WhatsApp, utilizing three distinct mobile numbers to maintain communication. She persuaded Singh to open an investment account on a specialized trading application named “JA Block Pro,” which she claimed was available on both the Google Play Store and the Apple App Store.
To build an illusion of complete legitimacy, the coordinator informed the victim that the application was operated by Jainam Securities, a registered brokerage firm regulated by the Securities and Exchange Board of India (SEBI). She further claimed that the platform provided exclusive access to institutional stocks and Over-the-Counter (OTC) trading options that are typically unavailable on standard retail trading programs. Enticed by the promise of high financial returns, Singh made an initial, experimental deposit of Rs 30,000 to begin trading penny stocks and institutional listings.
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Arbitrary Allocations Used to Extract Inflated Financial Demands
Following the initial deposit, the victim was repeatedly instructed to scale up his investment volume to participate in high-value asset acquisitions. The situation escalated when the platform allegedly allocated Singh an Initial Public Offering (IPO) allotment for a company named M/s Shreeji DLM Limited, carrying a total purchase value of Rs 38,00,000. Recognizing that this massive financial obligation far exceeded his available capital, Singh formally requested the coordinator to cancel the stock allocation.
- Demands for Additional Collateral: The operators aggressively rejected the cancellation request, informing the victim that his account would be permanently frozen unless he deposited an additional Rs 25 lakh to settle the allocation.
- Refusal of Fund Restoration: When Singh refused the demand and demanded the immediate return of his original capital, the perpetrators stated that fund recovery was completely conditional on receiving further structural deposits.
- Account Lockdown Enforcement: Upon facing continuous resistance from the victim, the coordinator made a final demand for an immediate payment of Rs 5,66,951. When the businessman refused to comply, the syndicate completely blocked his trading profile and liquidated his visible balance.
Formal Institutional Disclaimer Prompts Definitive Cyber Police Action
Growing increasingly suspicious of the platform’s rigid operational protocols, Singh sent a formal clarification email directly to the official corporate address of the legitimate firm, Jainam Securities. The company promptly returned his inquiry with a definitive disclaimer, explicitly stating that they did not operate any such application and had no association with any individual named Saujanya Gill. Realizing he had been caught in a fictitious investment trap, the businessman registered his case on the central online portal under tracking number 30506250035026.
A detailed review of the transaction transcripts revealed a rapid, systematic siphoning schedule executed through consecutive banking transfers. Following his preliminary deposit, Singh was manipulated into transferring Rs 50,000, followed by two separate payments of Rs 2 lakh each. The extraction continued with tranches of Rs 1.10 lakh, Rs 1 lakh, Rs 2 lakh, and multiple successive transfers of Rs 80,000 and Rs 78,000, culminating in a final transaction of Rs 80,000. Investigating cells are currently auditing the destination accounts utilized during the 26-day siphoning window to neutralize the wider network.
