Rajkot: Porbandar Cybercrime police recovered Rs 10.77 lakh from a Rs 21.72-lakh online investment fraud in which a 42-year-old woman was duped by fraudsters posing as stock market advisers.
Fraud Details
According to police, Jaya Vadher, who earns her livelihood through saree hand embroidery from home, came across a Facebook advertisement in March 2025 that used the name of Union finance minister Nirmala Sitharaman. The advertisement promised an opportunity to earn money from home. After clicking on the link and submitting her details, she started receiving calls from unknown persons who persuaded her to invest in the stock market, assuring her of high returns.
Police said Jaya initially transferred Rs 18,000 through UPI on March 21, 2025. To gain her trust, the fraudsters introduced her to a woman identified as “Rensi,” who spoke to her in Gujarati and guided her on stock market “trades.” Between March and May 2025, the accused allegedly convinced her to transfer a total of Rs 21.72 lakh through UPI, RTGS and NEFT transactions.
Investigation and Recovery
Investigations revealed that the money was routed through multiple bank accounts across the country held in the names of individuals and firms, including Ashishkumar Yadav, Neha Traders, Ririvira Traders OPC Private Ltd, Sunil Jagannathan and MS Delhi Sales. The fraud came to light when Jaya sought to withdraw her returns. The accused allegedly stopped responding, refused to return her investment and claimed that the trades were running at a loss. Realising that she was duped, she contacted the national cybercrime helpline, 1930.
Cybercrime police managed to freeze and recover Rs 10.77 lakh, which was returned to the victim.
Police have registered an FIR against the account holders who received the funds.
Stay updated with the latest Rajkot news.
