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Two Kanpur businessmen defrauded of ₹56.27 lakh via fake share trading WhatsApp group scheme

May 31, 2025Kanpur, India2 sources

Summary

A cyber fraudster deceived two individuals in Kanpur with a fake share trading scheme, resulting in financial losses. Vishambhar Arora, a businessman, was lured through a WhatsApp group promising high returns and lost ₹46.34 lakh after transferring money to multiple accounts. Another victim, Ramroop Singh, lost ₹9.93 lakh using the same fraudulent tactics. The scammers cut off communication after securing the funds by removing victims from the WhatsApp group. The Cyber Cell has initiated an investigation and is examining links to a potential larger cyber crime syndicate. Authorities have advised the public to be cautious of unsolicited investment opportunities and to verify credentials through official channels.

Incident Details

Domain
Fraud & Financial
Mechanism
conduct
Platforms
Recipient
IndividualVishambhar Arora and Ramroop Singh
Dimensions
economic