Delhi Police have registered two separate cases after two investors allegedly lost more than ₹1.2 crore through online investment schemes involving stock trading, IPO investments and advisory services.
In the first case, a west Delhi resident alleged a loss of ₹64.4 lakh after joining a WhatsApp group that promoted an online stock-trading scheme. In the second, a Rohini resident claimed to have lost around ₹57 lakh through an investment platform promoted on social media.
Police have registered separate FIRs and begun investigations into both cases.
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Fake Profits Led to Repeated Investments
According to the first complaint, the west Delhi resident joined a WhatsApp group where individuals posing as company representatives and financial consultants promoted an online trading platform.
The trading application initially showed gains, encouraging the investor to transfer money in several instalments to bank accounts provided by the alleged representatives.
The complainant said the platform eventually displayed investments worth around ₹5.5 crore.
When a withdrawal was requested on August 5, the alleged representatives demanded ₹66 lakh as service charges. After the complainant said he was unable to pay, they allegedly asked for another ₹10 lakh to facilitate a partial withdrawal.
The complainant reportedly paid the ₹10 lakh on August 29.
Fresh Demands Raised When Withdrawals Were Sought
According to the complaint, another withdrawal request was made on September 1, after which an additional demand of ₹23 lakh was raised.
The investor became suspicious after the repeated payment demands and approached the police.
In the second case, the Rohini resident alleged being drawn into an online investment platform promoted through social media groups.
Individuals posing as investment experts allegedly encouraged participants to invest in IPOs, pre-market trading and specialised trading accounts.
Platform Showed Returns of Up to 350%
The second complainant alleged that the platform displayed daily returns ranging from 3% to 10%, while one IPO investment was projected to generate returns of more than 350%.
The complainant said the platform later showed profits exceeding 300%.
However, when a withdrawal was attempted, access to the account was allegedly blocked.
The complainant said additional payments were then demanded under different heads, including margin money, taxes, commissions and account-closure charges.
Despite making repeated payments, the investor alleged that the funds were never released.
Delhi Police have registered separate cases and are investigating the alleged frauds.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
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