In a major cybercrime breakthrough, Noida Cyber Crime Police have arrested Rajendra Sharma, accused of defrauding a local resident of Rs1 crore by posing as a share market investment expert. Sharma, the son of Radharman Sharma, was apprehended from Noida and is reportedly part of a wider multi-state cyber fraud network.
The investigation began after a resident from Sector-77, Noida filed a complaint, alleging he had been conned by individuals who promised high returns through share trading. Trusting the scheme, the victim transferred Rs1 crore across various bank accounts provided by the fraudsters.
“Based on the complaint, we registered a case of cyber fraud and cheating related to share market investment,” said Additional Deputy Commissioner of Police (Cyber Crime) Manisha Singh. “One person has been arrested and efforts are underway to track down his associates.”
Police have identified Sharma as a key player in a broader cybercrime syndicate operating across state lines. The arrest follows a wider crackdown on cyber fraud, including multiple arrests and financial recoveries.
Authorities urge the public to verify investment platforms thoroughly and be wary of unsolicited offers promising unusually high returns.
