Daijiworld Media Network - Saharanpur

Saharanpur, Mar 12: A man from Saharanpur was allegedly duped of Rs 1.02 crore by cyber fraudsters who lured him into investing in fake online stock trading through WhatsApp groups and a fraudulent application, police said.

The victim, identified as Amit Kumar, was first contacted in the last week of December 2025 by an unknown caller who introduced himself as a stock market trader and promised high returns through online trading.

On January 1, Kumar found that his phone number had been added to a WhatsApp group named “Fisdom Institutional Stock Trading.” He was also included in another group called “Amit VIP Exclusive Service Team-15,” where members shared stock market investment tips and personalised trading notifications.

A few days later, a person identified as Rakshita Ved, who claimed to be the administrator of one of the groups, asked Kumar to download a trading application called “Fisdpro” for further investments.

Initially, Kumar received a return of Rs 24,100 soon after starting the trading activity, which convinced him to invest larger amounts. Between January 21 and March, he continued to transfer funds through the application.

During this period, the fraudsters allegedly persuaded him to invest in an Initial Public Offering (IPO), claiming that shares worth Rs 35 lakh had been allotted in his name. They also demanded Rs 3.12 crore as short-term tax payment for withdrawing the funds and pressured him to invest an additional Rs 50 lakh.

Growing suspicious, Kumar eventually approached the police and filed a complaint.

A senior police officer said an investigation has been launched to trace the accused involved in the cyber fraud.

“The fraudsters have defrauded Kumar of around Rs 1 crore. Police teams are trying to track down the culprits,” the officer said.