Fraud of ₹50.42 lakh in the stock market by promising profits: The amount was increasing on the app, but when I tried to withdraw it, they asked for tax; also, ₹50,000 was withdrawn from my PF account.

A cyber scammer defrauded a man from Noida of ₹50.42 lakh by promising to make huge profits through stock market investments. The scammers made the investment amount appear to increase on an app, constantly reassuring the victim of ongoing profits. When he tried to withdraw the money, more money was demanded in the name of taxes. It was only after this that the victim realized he had been cheated. Om Prakash Saini, a resident of Lotus Panash Society located in Sector-110, filed a complaint at the cyber police station on Thursday night.