A serious case of cyber fraud has surfaced, where a doctor was allegedly cheated of ₹1.10 crore through an online trading scam. The Cyber Crime Police Station in Sector 17 has registered an FIR and started an investigation.
According to the complaint, Dr. Rakesh Prabhugaud Patil, a resident of Sector 38, began exploring stock market investments through social media in December 2025. In January 2026, he was added to a WhatsApp group where members encouraged him to invest, promising high returns.
The accused, including the group admin and other members, reportedly convinced him to transfer money into multiple accounts by showing attractive profit claims. The doctor made around 25 transactions, investing a total of ₹1.10 crore.
Initially, the platform displayed fake profits. However, when he tried to withdraw the funds, he was asked to deposit more money. Later, the fraudsters allegedly posed as officials from the RBI and Enforcement Directorate and demanded ₹10 lakh as a “security deposit.”
Suspicious of the demands, the doctor contacted other members of the group and realised they had also been cheated in a similar way. He then approached the police and filed a complaint.
Based on his statement, the police have registered a case and initiated further investigation into the matter.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
