Have Noida Police Captured a Cyber Fraudster Behind a ₹1 Crore Share Market Scam?
Click to start listening
Synopsis
In a remarkable development, Noida Cyber Crime Police have arrested Rajendra Sharma, a key player in a cyber fraud scheme that swindled a local resident of ₹1 crore under the guise of lucrative share market investments. The police continue to investigate and track down accomplices linked to this extensive cybercrime operation.
Key Takeaways
- Cyber fraud is on the rise, with organized syndicates targeting innocent victims.
- It’s crucial to verify investment opportunities and financial platforms before engaging.
- Authorities are working diligently to dismantle cybercrime networks.
- Education and awareness are key to preventing such scams.
- Timely reporting of fraud can help law enforcement take action.
New Delhi, June 22 (NationPress) In a major success, the Noida Cyber Crime Police in Uttar Pradesh have apprehended a cyber fraudster connected to a scheme that deceived a local resident of Rs one crore under the pretense of share market investments.
The individual, recognized as Rajendra Sharma, son of Radharman Sharma, was arrested in Noida.
Authorities have indicated that they are currently working to locate his accomplices, who are part of a broader cybercrime network operating in various states.
According to officials, the investigation began after a Sector-77, Noida resident lodged a complaint stating that he was misled by cyber criminals who offered lucrative returns from share market trading.
The victim, trusting the fraudulent scheme, transferred a total of Rs one crore into different bank accounts specified by the scammers.
ADCP (Cyber Crime) Manisha Singh stated, "Based on the complainant's report, a case was filed at the Cyber Police Station in Noida concerning cyber fraud and deceit under the guise of share market investment and trading. Approximately Rs 1 crore was illicitly moved from the complainant’s account to various other accounts. One individual has been detained in connection with this case."
In response to the complaint, cyber police quickly registered a case and froze the fraudulently linked bank accounts to restrict further transactions. During questioning, the accused admitted to establishing bank accounts in partnership with others.
He acknowledged that Rs 5.5 lakh of the defrauded funds were funneled into one such account and subsequently redistributed to other accounts managed by his associates.
Subsequent investigations via the National Cybercrime Reporting Portal (NCRP) revealed that the account used by Rajendra Sharma is associated with at least 13 previous cyber fraud complaints, including five in Haryana, three in Maharashtra, two in Delhi, and one each in Uttar Pradesh, Rajasthan, and West Bengal.
“Efforts are ongoing to identify and apprehend the remaining members of this cyber fraud network,” ADCP Singh further stated.
The Noida Police have advised citizens to stay alert and verify financial platforms prior to executing any transactions.
Point of View
This incident highlights the urgency for citizens to remain vigilant against cyber fraud schemes. The rise of such scams underscores the need for increased public awareness and education on safe financial practices. As a nation, we must collectively combat cybercrime and support law enforcement in bringing these criminals to justice.
NationPress
22/06/2025
Frequently Asked Questions
What was the amount defrauded in the Noida cyber scam?
The amount defrauded in the Noida cyber scam was ₹1 crore.
Who was arrested in connection with the cyber fraud?
Rajendra Sharma was arrested in connection with the cyber fraud.
What actions are being taken by the Noida Police?
The Noida Police are actively investigating the case and are working to identify and apprehend the fraudster's accomplices.
How can citizens protect themselves from similar scams?
Citizens are advised to remain vigilant, verify financial platforms, and conduct thorough research before making any investments.
What is the significance of this case?
This case highlights the growing issue of cyber fraud in India and the importance of safeguarding individuals against such crimes.
