Fraudsters cheat bizman in trading scam

Bhopal: Piplani police on Tuesday registered a case on charges of cheating and criminal breach of trust against unidentified cyber fraudsters after a businessman was allegedly duped of nearly Rs 1.59 lakh on the pretext of investment in the share market and other companies.According to police, Jagdish Singh, 50, a resident of Karmveer Nagar, Piplani, runs an oxygen cylinder supply business. About 1 month ago, he received a link on his WhatsApp number. When he opened it, he was added to a group where several members claimed to be earning profits through online trading investments.
After showing interest, he was added to another group. Initially, he invested Rs 2,000 and received a small profit. Within 2 days, Singh invested a total of Rs 1.59 lakh. However, when he tried to withdraw, the fraudsters demanded additional payment. Realising he was cheated, Singh lodged a complaint with the cyber cell.