Noida: A Sector 36 resident was allegedly cheated out of nearly Rs. 2.9 crore in a cyber fraud. The scammers posed as stock traders from a Kolkata-based companyHe registered a complaint with the Cyber Crime police, accusing two individuals named Keerti Saraf and Krishna Rath M, of cyber fraud, breach of trust, and investment fraud. They claimed to be wealth management gurus representing a company named “Abbott Wealth Management”.They promised lucrative returns on investments, such as 15-30% profit within 24 hours, and convinced him to transfer substantial amounts of money to various bank accounts under the guise of legitimate investment schemes.The complainant said that the accused, particularly Saraf, spent a long time developing a personal relationship with him on WhatsApp. From April to June, he was repeatedly contacted by the accused, who made him transfer funds through RTGS to multiple accounts. The total amount transferred amounted to Rs 2.89 crore. They ultimately told him he had profits of Rs 35 lakh, but he did not see any of it.He further explained that after the initial payments, the accused demanded additional funds under various pretexts, including service charges, processing fees, and taxes. They also shared forged official documents from bodies such as SEBI to persuade him. Despite making all the payments, the complainant did not receive any returns or benefits from the investments. Instead, he realised that he was duped.The complaint also highlighted the emotional and psychological distress caused by the fraud. He described how the accused used fake identities, forged documents, and false promises to manipulate him into transferring funds. He provided detailed information about the transactions, including account numbers, transaction dates, and amounts transferred, to assist in the investigation.Based on the statements, police filed a case under sections 318(4) (cheating) and 319(2) (cheating by personation) of the Bharatiya Nyaya Sanhita and section 66D of the IT Act.
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