Noida's Biggest Cyber Fraud: 12 Crore Swindled
Noida has witnessed its largest online cyber fraud case. A resident of Sector 47 was defrauded of approximately ₹12 crore by cybercriminals.
11:07 PM Dec 06, 2025 IST
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Alka Singh
Noida's Biggest Cyber Fraud: According to reports, Indrapal Singh, a resident of Sector 47, works as a consultant. On October 17, 2025, the victim received a message on his WhatsApp number from a profile named 'Kyara Sharma'. The woman, claiming to be a stock market expert, initiated a conversation with the victim and tempted him with the prospect of earning huge profits through investments. He was then added to two different WhatsApp groups, SUNDARAN AMC-STAY Positive and 111 SUNDARAN AMC-INFINITE Possibilities, where fake profit screenshots and fabricated user messages were displayed to convince him that it was a legitimate trading platform.
The fraudsters carried out the entire scam by luring the victim with promises of high returns on stock market investments.
Noida has witnessed its largest online cyber fraud case
Through the group, the victim was instructed to download the SDAMCMAX app, and after 17 days of continuous manipulation and false promises of trading profits, the fraudsters offered guaranteed returns and a 15% commission. Initially, the victim invested a small amount, ₹50,000, from which he withdrew ₹9 lakh in profits. This instilled complete trust in the cybercriminals. Over the next 17 days, the fraudsters transferred ₹11,99,50,000 from the victim's accounts through nine separate transactions under the guise of investment.
Subsequently, the fraudsters demanded another ₹17 crore from the victim for investment in the IPO of EXATO TECHNOLOGIES LTD. This raised the victim's suspicions, and he realized that he was being subjected to cyber fraud. Following this, the victim, Indrapal Chauhan, filed an FIR at the cybercrime police station.
Summary
ADCP Cyber Crime Shavya Goyal said that the matter is being investigated and action is being taken to identify the bank accounts used by the fraudsters and freeze the transaction amounts. Efforts are being made to reach the accused.
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