Rudrapur, an official working for a prominent SIDCUL-based company has fallen victim to a cyber fraud involving a sum of ₹1.99 crore. The victim was lured by a Facebook advertisement and subsequently entangled in a scheme involving stock market investments.
Fraud Initiated Through Facebook Advertisement
The victim, a resident of the Omaxe Society in Rudrapur, came across an advertisement related to stock marketing on Facebook a few months ago. Clicking on it led him to a WhatsApp group, where lucrative offers and share marketing schemes were promoted.
Nearly ₹2 Crore Lost in Share Market Investment Fraud
Once in the group, the victim was connected with a customer service manager who guided him to another group and shared a link to download an app. Following the manager’s instructions, he transferred funds into the designated bank account, eventually investing a total of ₹1,99,76,000 between June 11 and August 19 in IPOs and shares. When he attempted to withdraw his invested amount, he realized that his account had been emptied.
Complaint Filed with Cyber Police Station
Realizing the fraud, the victim filed a complaint at the Pantnagar Cyber Police Station, which has registered an FIR against unidentified individuals and started an investigation. The police suspect that an organized cyber gang is responsible for this crime, using social media as a platform to lure victims.
Rise in Cyber Fraud Cases on Social Media
The cyber police report an alarming rise in such cases on social media in recent years, with platforms like Facebook used to promote fake advertisements targeting unsuspecting users. Police have advised the public to remain vigilant and verify any links before clicking or transferring funds.
Police Warn Public Amid Rising Cyber Fraud Cases
A cyber police officer stated, “We are closely monitoring such activities on social media and urge people to exercise caution. Clicking on unknown links or transferring funds to strangers can lead to fraud.”
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