Kanpur: Cyber fraudsters allegedly duped a herbal tea businessman of Rs 43.73 lakh after befriending him on Facebook and luring him into investing in cryptocurrency trading schemes with promises of high returns.
Shivraj Nishad, a resident of Shekhpur in Maharajpur, alleged that a woman identifying herself as Sandhya Arora befriended him on Facebook on July 14, according to police. He alleged that on July 27, she added him to a cryptocurrency trading group on WhatsApp and persuaded him to invest money by promising substantial profits. Nishad said he initially invested Rs 10,000 and was shown a profit of Rs 2,668. Encouraged by the returns, he invested another Rs 30,000 and entered into an agreement under which he was required to pay a 30% commission on profits. He alleged that after an initial three-day trading plan, he was enrolled in a seven-day trading scheme under which withdrawals were permitted only after completion of the trading cycle and payment of a 30% commission on daily profits. He subsequently transferred Rs 43.73 lakh to 33 bank accounts linked to the fraudsters, according to the complaint. However, when he attempted to withdraw the amount, he was allegedly asked to pay an additional Rs 27.79 lakh as income tax.
Realising that he had been cheated, Nishad lodged a complaint on the National Cyber Crime Reporting Portal.
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Cyber police station in-charge Abhay Pratap Singh said a case had been registered and further investigation was under way. Download the TOI App.