Indore Doctor Duped of Rs 3.23 Crore in Stock Trading Fraud
Cybercrime
Indore: In a recent case of cyber fraud, an Indore-based doctor fell victim to a large-scale investment scam, losing more than Rs 3.23 crore after being promised high returns from stock market investments.
The case came to light after the victim, Dr. Rudra Kumar Gupta, a resident of Scheme-54 in Vijay Nagar, reported the fraud to the Crime Branch. Acting on his complaint, investigators discovered that the defrauded funds had been routed through multiple mule accounts across several states.
According to the news reports, the doctor was targeted through a deceptive message he received on the messaging platform Telegram on September 5th last year. The message came from a woman identifying herself as "Preeti", who claimed to have insider knowledge about high-profit opportunities in the stock market.
Dr. Gupta, who has a long-standing interest in stock trading, registered himself and his mother on the website.
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Preeti further added him to a so-called “director group,” providing him with a customer ID and unique access code. His first small investment of Rs 10,000 returned Rs 10,535 — a calculated move by the scammers to build trust.
The fraudulent platform displayed a fake portfolio with manipulated graphs and profit figures, creating the illusion of a successful investment strategy. However, the scam unravelled when Dr. Gupta attempted to withdraw Rs 1 crore. The platform’s so-called support team began demanding additional payments under the guise of various taxes and conversion charges, ranging from gains tax to income tax and currency conversion fees.
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Realising he had been defrauded, Dr. Rudra approached DCP Rajesh Kumar Tripathi and ADCP Rajesh Dandotiya of the Indore Crime Branch. The case was assigned to Sub-Inspector Situ Jariya for investigation. Preliminary findings revealed that the deposited funds had been dispersed across multiple mule bank accounts located in various states.
On Tuesday, the Crime Branch officially registered a case against unidentified individuals. Authorities are now actively searching for the woman known as Preeti and other accomplices involved in the elaborate scam.
