Man from Ahmedabad’s Shahpur duped of Rs 24 lakh in forex investment fraud

Ahmedabad: A 62-year-old businessman from the Shahpur area on Thursday filed a complaint with Cybercrime police alleging he was cheated of Rs 24.4 lakh by an unidentified woman who lured him into a fake forex investment scheme through social media. According to the complaint, the victim, an event management professional, came into contact with the accused through Facebook in Aug 2025. The accused initiated a conversation and later shifted communication to WhatsApp.During the interaction, the woman convinced the victim to invest in forex trading, promising high returns. She shared a link to a website and guided him to register using a username and password. After registration, the victim was directed to interact with a so-called customer care service on the platform for investment-related instructions.Police said the victim was asked to transfer money into multiple bank accounts provided by the accused. After each transfer, he shared screenshots of the transactions, following which the amount appeared credited in dollars on the website's interface. Initially, the victim invested Rs 44,500 and was allowed to withdraw a small amount, which won his confidence. Subsequently, he was persuaded to invest larger sums with the promise of higher profits. He was also asked to create an account on a cryptocurrency platform to facilitate further transactions.Between Aug 29 and Nov 15, 2025, the victim transferred a total of Rs 24.4 lakh in multiple transactions, but was asked to pay additional charges to withdraw the funds. When the accused became incommunicado, the victim approached the Cybercrime helpline and later filed a formal complaint.