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In Sector 10, Noida, a furniture dealer was defrauded of ₹22 lakh by cybercriminals who lured him with promises of high returns from stock market investments. The accused, a woman claiming to be a stock market expert, persuaded the victim to make multiple small investments, ultimately siphoning off ₹22 lakh. The victim filed a complaint with the Cyber Crime Police Station, and authorities are currently conducting a detailed investigation.
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Incident Overview
Dheerpal Singh, a resident of Badayun Rota village in Sector 10, Noida, operates a furniture showroom and office under the name “Shri Balaji,” manufacturing furniture for large offices and commercial buildings. Singh also had an interest in stock market investments.
On August 10, Singh received a WhatsApp message from a woman identifying herself as Saloni Chaudhary. She cited a slowdown in his business and advised him to start a side business. Claiming to be a stock market expert, the fraudster promised that any investment made would yield double returns.
Singh was registered on an app by the accused and persuaded to invest. Over 12–15 days, he transferred a total of ₹22 lakh to the fraudsters. When he attempted to withdraw his money, the scammers demanded additional “taxes” and service charges and threatened to freeze his account. Upon Singh’s refusal to pay further, the perpetrators cut off communication.
Police Action and Investigation
Upon realizing the fraud, Singh lodged complaints via the National Cyber Crime Portal and at the Cyber Crime Police Station. Cyber Crime Station Officer Ranjit Kumar confirmed that a case has been filed based on the complaint. Police are currently tracing the bank accounts involved and working to identify and apprehend the perpetrators.
Analysis
Experts note that the incident highlights how cybercriminals exploit social engineering and investment-related greed to trap victims. Small business owners and individual investors are often susceptible to fraudulent schemes due to misplaced trust and lack of technical awareness.
The case underscores the growing threat of cyber fraud in the state, with criminals continually devising new techniques to exploit the expanding digital transaction ecosystem. While vigilance from law enforcement and financial institutions is critical, the incident emphasizes that individual awareness and digital security literacy are now essential for every citizen.
