Retired Army Veteran Defrauded of Rs 29.5 Lakh in Elaborate Stock Trading Scam
In a distressing case of cybercrime, a 48-year-old retired army man residing in Gandhinagar has been swindled out of a staggering Rs 29.5 lakh. The sophisticated fraud involved a bogus stock-trading scheme operated through a deceptive mobile application, as confirmed by police authorities on Sunday.
The Deceptive WhatsApp Approach
According to the detailed complaint filed with the cybercrime police of the Gandhinagar range, the victim's ordeal began on November 25, 2025. He received an unsolicited WhatsApp audio call from an unknown number. The caller, posing as a senior adviser from a reputed stockbroking firm, offered expert guidance on high-return investment opportunities.
To build trust and credibility, the victim was promptly added to a WhatsApp group named "F64 R.B.K Market Parivar". This group served as a platform where trading tips and stock analysis messages were regularly shared, creating an illusion of legitimacy and financial expertise.
From Hesitation to Financial Catastrophe
Initially hesitant, the retired army man eventually succumbed to the persistent persuasion. He filled out an online form shared by the fraudsters, disclosing sensitive personal information including his PAN and Aadhaar details. This critical step marked the beginning of his financial downfall.
The scammers then instructed him to download a mobile application named "RBK-PMSDelynor" from the app store using a specific invite code. Convinced of the scheme's authenticity, the victim began transferring substantial funds from both his and his wife's bank accounts to multiple accounts provided by the fraudsters between December 2025 and January 2026.
The Illusion of Massive Profits
The manipulated application interface displayed wildly inflated profits, showing an astonishing amount exceeding Rs 4 crore. This fabricated financial success further convinced the victim to invest increasingly larger sums, deepening his financial commitment to the fraudulent scheme.
The devastating truth emerged when he attempted to withdraw his supposed earnings. The fraudsters demanded an additional Rs 25 lakh as processing charges, triggering his realization that he had been systematically defrauded.
Police Investigation and Legal Action
Upon recognizing the scam, the victim immediately contacted the national cybercrime helpline 1930 and formally registered a complaint with the Gandhinagar cybercrime police. Investigators revealed that the perpetrators used fake identities and sophisticated techniques to manipulate the application's interface, creating entirely fictitious financial gains.
Police have registered a comprehensive case of cheating and impersonation against unknown persons. The investigation specifically targets the mobile number holders and bank account beneficiaries involved in this elaborate financial deception. Authorities emphasize the growing sophistication of such cyberfraud schemes and urge citizens to exercise extreme caution with unsolicited financial offers.
This case highlights several critical warning signs for potential investors:
- Unsolicited investment offers through messaging platforms
- Pressure to provide sensitive personal information
- Applications requiring specific invite codes
- Unrealistic profit displays
- Additional charges for fund withdrawals
The Gandhinagar cybercrime unit continues its investigation into this sophisticated financial fraud, working to identify and apprehend those responsible for exploiting the trust of a retired serviceman and causing significant financial harm.
