Digital robbery of Rs 75 lakh from retired engineer of Noida, victim made in the name of stock market

Up news: Cyber ​​thugs have once again committed a major theft in Noida. This time, the target of the fraudsters was a retired engineer of the Telecom Department, who was shown the dream of profit worth crores in the name of investing in the stock market. Within no time, the thugs made away with more than Rs 75 lakh of the old man’s lifetime earnings. This incident, which took place in a posh society of Sector-104, has raised questions on security and awareness in high-profile areas of the city.

The web of fraud started from WhatsApp group

This game of fraud started on February 25, when 71-year-old Alok Sahdev was added to a WhatsApp group named ‘Wealth Alliance’. In this group, claims were being made day and night to double the money through stock market and IPO. Other members of the group (who were actually associates of the swindlers) were continuously posting screenshots of huge profits, due to which the old man felt that this was a golden opportunity for investment.

Up news: Greed for small profits and then big losses

To win trust, the accused first made the victim download a special trading app. Initially when he invested a small amount, he was shown a profit of Rs 8,000 on the app. Due to this profiteering, the elderly started falling into the trap of swindlers. After this, the swindlers instigated them to make big investments and got about Rs 75.33 lakh transferred in different installments to their mentioned accounts.

Up news: Extorted money by threatening to block the account

When the victim expressed his inability to pay more money, the thugs resorted to a new strategy. He said that more shares have been allotted in his name and if more money is not deposited immediately, his entire account will be blocked. Out of fear the old man added more money. But when he tried to withdraw his money, he was kicked out of the group and the entire balance visible on the app became zero.

Suspicious accounts on cyber police radar

Up news: Upon realizing the fraud, the victim lodged a complaint at the cyber crime police station. Considering the seriousness of the matter, the police has started the process of freezing the bank accounts in which the money was transferred. Efforts are being made to reach the accused through digital footprints. Noida Police has once again appealed not to invest or follow the advice of any unknown WhatsApp group. hee Share your banking information on any unauthorized app.