Man loses Rs 50L to cyber fraud

The Moti Nagar police station on Saturday registered a case against four persons of Delhi, Rajasthan and Gujarat, who allegedly duped a resident of Rs 50 lakh. The accused lured the victim to invest in the share market through a fake app.

The accused have been identified as Vasava Pritesh Kumar, owner of Taikoon Sales and Services, Vadodara, Gujarat; Khema Ram, owner of SP Enterprises Barmer, Rajasthan; Hemant, owner of Royal Electricals, North Delhi , and Ghisaram Sharma, owner of Kiyra Enterprise Jodhpur, Rajasthan.

Complainant Vijay Kumar, a resident of Guru Teg Bahadur Nagar, alleged that the accused had hatched a conspiracy to dupe him. They convinced him to invest in the share market and assured huge profits. They made him buy shares online through an app.

After buying the shares, he realised that he invested the money on a fake platform.

Kumar said he lodged a complaint and a case was registered at the Moti Nagar police station.

Notably, the Ludhiana police had busted a racket of running a fake share market app in which people were duped of crores. Several persons were arrested by the Ludhiana police. After the incident, the police had made appeals to the people to avoid investing in unauthorised platform and ensure proper verification of the investment firm.