Noida businessman loses ₹1.15 crore in share fraud

A businessman from Noida lost ₹1.15 crore to a share market fraud, according to the police. The incident took place between January 27 and March 5. The victim, Mayank Gupta, is 39 years old and runs an industrial consultancy firm in Sector 44. Gupta reported that he received a WhatsApp call from a woman claiming to be Rishita, a certified financial analyst, on January 27. She suggested that he invest in certain websites. After some encouragement, he completed the registration and made an initial investment of ₹1 lakh on January 31. The next day, he was told he had made a profit of ₹15,040. He successfully withdrew this amount on February 2 and started to trust the websites. Between February 2 and 20, Gupta transferred more money in hopes of making larger profits. However, when he attempted to withdraw his earnings on February 27, the fraudsters told him to pay additional taxes. After several attempts, Gupta deposited ₹31 lakh on March 3. He was then asked to wait 24 hours to retrieve his funds. When he checked back, they demanded more fees, making him realize he had been scammed. Gupta filed a complaint with the National Cyber Crime Portal on March 6. The police have since registered a case for cheating and impersonation, and they are working to recover the lost money.