Uttarakhand: A Haridwar resident employed with a pharmaceutical company in Sidcul was allegedly cheated of about ₹1.45 crore after being drawn into a share market investment scheme through a Facebook advertisement. Police have registered a case on the basis of the victim’s complaint and begun an investigation.
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Facebook Advertisement Led to Investment Trap
The victim told Haridwar police that he saw an advertisement on Facebook in January 2026 related to share market investment. After clicking the link given in the advertisement, he made contact with the persons behind it and was later added to a WhatsApp group.
According to the complaint, the accused allegedly induced him to invest in special shares and IPOs. The victim was also made to download an app, through which the fraudsters projected themselves as investment advisers and assured him of high returns.
Trust Built Through Initial Returns
The victim stated that he was initially shown returns on the app, which increased his confidence in the scheme. Believing the company could make him wealthy, he continued investing larger amounts.
Over time, the accused allegedly got him to transfer money into different bank accounts. The total amount deposited by the victim was reported to be around ₹1.45 crore. The victim later found himself unable to withdraw the invested amount or the displayed profits.
Case Registered at Sidcul Police Station
The fraud came to light after the victim realised that he had been cheated and approached the cyber cell and Sidcul police. He also submitted details of his bank account transactions to the cyber cell.
Sidcul police station in-charge Ajay Shah said a case had been registered and the matter was under investigation. Police are examining the complaint and financial details, and the report said the case is expected to be disclosed soon.
