Cyber fraudsters cheated a retired commissioner and a school teacher of a total of ₹1.94 crore by luring them with promises of high returns on share trading investments and insurance policy maturity benefits. Following complaints from the victims, cyber police have initiated an investigation to trace the criminal network involved in the scam.
Teacher’s WhatsApp Investment Trap
According to police, the teacher, Geeta, a resident of Chinhat area, received a WhatsApp message in November 2025 claiming lucrative profits through an investment scheme. The fraudsters introduced themselves as representatives of an investment company and persuaded her to invest money in Naka Solutions Private Limited with promises of guaranteed returns.
The victim was gradually convinced through continuous online communication and was made to transfer money for investment purposes on multiple dates. Between November 10, 2025, and February 24, 2026, the teacher transferred a total of ₹1,67,50,000 in 18 instalments to different bank accounts. The fraudsters executed a structured strategy of extracting money slowly, preventing the victim from suspecting the deception initially.
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Insurance Maturity Claim Fraud
In another incident, Vandana Sensil, a resident of C-Block Rajajipuram, stated that her father Rajendra Kumar is a retired Commissioner from the Central Excise and Customs Department. Her father had multiple insurance policies with Max Life Insurance.
Taking advantage of this, the fraudsters contacted the family by posing as insurance department officials and claimed that the maturity amount of the multiple policies was around ₹1.30 crore. To complete the claim process, they demanded stamp duty, service charges, and other processing fees, and cheated the family by transferring ₹26,43,407 in multiple transactions.
Police investigations revealed that the cybercriminals used social engineering techniques to first gain the victims’ trust before initiating financial transactions. The fraudsters maintained continuous communication in the name of online investment and policy settlement, leaving the victims unaware of the actual situation.
Cyber Police Investigation Launched
Cyber police officials stated that criminals in such cases often use fake companies and fabricated identities. The fraud money is immediately transferred across multiple accounts to make financial tracking difficult. Authorities are currently examining bank accounts and digital transaction records.
Investigating agencies have advised citizens not to share sensitive banking details such as OTP, PIN, passwords, or CVV with unknown persons. People have been urged to verify investment offers or policy-related claims directly through authorized company portals or official channels.
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.
