TIMES OF INDIA · 2026-11-11 18:16 UTC

Bizman duped of Rs 43L in fake crypto trading scam

A herbal tea businessman, Shivraj Nishad of Kanpur, alleges he was defrauded of Rs 43.73 lakh after a woman calling herself Sandhya Arora contacted him on Facebook. He says he was added to a WhatsApp cryptocurrency trading group, started with Rs 10,000, was shown a profit of Rs 2,668, and was then persuaded to invest more under a 30% commission-on-profit agreement. When he tried to withdraw, he was allegedly asked to pay an additional Rs 27.79 lakh as income tax; he filed a complaint on the National Cyber Crime Reporting Portal and police have registered a case.

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