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Two investors lose over Rs 1.2 crore in online trading…

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activeCyber Crime / Digital ArrestPan India

Two investors lose over Rs 1.2 crore in online trading scams; FIRs registered

Delhi Police have registered two separate FIRs following online investment fraud complaints where two investors lost over Rs 1.2 crore combined. According to reports, the complainants were drawn in through digital platforms with promises of high profits from stock trading, IPO investments, and financial advisory services. Investigators said the victims transferred funds in multiple instalments after fraudulent platforms displayed fake high returns, only to face continuous demands for additional charges when they attempted to withdraw their money.

State

Multiple States

First reported

October 2026

Total Amount Alleged

Over Rs 1.2 crore

Agency Involved

Delhi Police

Cases Registered

Two FIRs

Status

Police have registered cases and launched investigations

The full story

Everything you need to know about this case, in one place.

In the first case, a resident of west Delhi lost Rs 64.4 lakh after joining a WhatsApp group promoting a stock-trading scheme. The fake application showed massive portfolio growth, but when the investor tried to withdraw funds, the accused demanded escalating sums for service charges and partial withdrawals before the victim realized the fraud and approached authorities.

In the second case, a resident of Rohini reported losing approximately Rs 57 lakh through an online investment platform advertised on social media. The platform displayed daily returns and huge projected gains on initial public offerings. After the account showed large profits, the victim was locked out during a withdrawal attempt and pressured to pay extra money for taxes, margins, and commissions, which were never returned.

Not yet reported: The articles do not mention any suspect identifications, arrests, or recovery of the lost funds.

Where the case stands

The latest position in the reports we read.

Police have registered two separate FIRs and initiated investigations into both online investment scams.

Who was affected

Described in general terms; we do not name victims.

Two individual investors residing in Delhi, consisting of a west Delhi resident who lost Rs 64.4 lakh and a Rohini resident who lost around Rs 57 lakh.

Timeline

Key dates as reported, oldest first.

Aug 5The first complainant attempted to withdraw funds and was asked to pay service charges.

Aug 29The first complainant paid an additional requested amount to facilitate a partial withdrawal.

Sept 1A further demand for money was raised when the first complainant attempted another withdrawal, prompting police contact.

How the scam worked

The method described in the reports.

Scammers lured investors through WhatsApp and social media groups promoting lucrative stock-trading schemes and IPO investments.
Victims were directed to fraudulent online trading applications that falsely displayed high daily returns and massive portfolio gains.
Investors were instructed to transfer money in multiple instalments to bank accounts controlled by individuals posing as financial consultants.
When victims attempted to withdraw their funds, access to their accounts was blocked or restricted.
The accused demanded further payments under various pretexts, including service charges, margin money, taxes, commissions, and account-closure fees.

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

timesofindia.indiatimes.comOriginal report The Times of IndiaOpens via Google News Two Delhi Investors Lose Over ₹1.2 Crore in Online Trading Scams - The 420.inThe 420.in · 24 Oct 2026

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.