In a recent cyber fraud case that has shaken the Noida business community, Rajat Bothra, a prominent businessman, found himself ensnared in a sophisticated trading scam that led to losses totaling an astounding ₹9.09 crore. The elaborate scheme unfolded over a series of interactions within a WhatsApp group that purported to focus on lucrative stock trading opportunities.

The saga began on May 1, 2024, when he innocently joined the WhatsApp group, enticed by promises of substantial profits through stock trading. Initially, the investments were modest, but as the allure of quick riches beckoned, Bothra's financial commitments escalated rapidly, eventually reaching the staggering sum of ₹9.09 crore by May 27, 2024.

WhatsApp trading scam
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Enea

However, the dream of financial prosperity quickly turned into a nightmare as the reality of the fraudulent activities unfolded. He was instructed to download a trading app and invest significant amounts in shares under the guise of high returns. To his dismay, the trading account was abruptly closed, revealing the elaborate deception that had ensnared him.

In a bid to seek justice and restitution for the substantial losses incurred, Bothra took decisive action by filing a First Information Report (FIR) on May 31, 2024. This legal maneuver set in motion a formal investigation into the nefarious activities that had defrauded him of his hard-earned wealth.

Subsequent police intervention led to the freezing of ₹1.62 crore in one of the implicated accounts, shedding light on the intricate web of financial transactions that had siphoned off Bothra's investments. The trail of the misappropriated funds led authorities to uncover a complex network of transfers to accounts located in Assam, Bhubaneswar, Chennai, Haryana, and Rajasthan.

As the investigation unfolds, Assistant Commissioner of Police (ACP) Vivek Ranjan Rai revealed that a specialized team has been tasked with tracing the diverted funds and unraveling the full extent of the fraudulent activities that have left Bothra and others vulnerable to such cyber scams.

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