Kanpur: Two Doctors and Pathology Manager Duped of ₹5 Crore in Online Trading Scam

Kanpur:
Cyber fraudsters in Uttar Pradesh’s Kanpur have cheated two doctors and a pathology manager of nearly ₹5 crore by luring them with promises of high returns through online trading. The scammers persuaded the victims to download a mobile cloning app, gaining full access to their phones and bank accounts. Police have registered a case and begun an investigation.

Fake SEBI-Registered Advisor Targeted Victims

According to one of the doctors from Azad Nagar, the fraud began on 3 September 2025, when he received a WhatsApp call from a man claiming to be a SEBI-registered stock market advisor. The caller promised access to shares and IPOs at 10–15% lower prices than market value and added the doctor to a WhatsApp group named Lunch Club H49, where trading “tips” were regularly shared.

A few days later, the fraudster called again and recommended using the Ventura Trading App for better profits. He then sent a link, through which a malicious cloning app was downloaded onto the doctor’s phone. Believing the scheme to be genuine, the doctor invested ₹3,30,40,000 over 1.5 months. Though he initially received ₹80 lakh back, the fraudsters later claimed that a person named R. Amarnath had been arrested for insider trading and fined ₹100 crore, and that Ventura had imposed a 20% penalty—after which the doctor’s trading account would be “frozen.” Only then did he realise he had been scammed.

Total Loss Around ₹5 Crore

Police say the fraudsters siphoned off nearly ₹2.5 crore from this doctor alone.
The pathology centre’s technical manager was similarly targeted between October 2025, losing ₹1,37,99,000. Another doctor from Tilak Nagar also lost ₹1 crore in an identical scam.

Investigators have traced the stolen money to six bank accounts in Rajasthan and Gujarat. According to the ADCP Crime, the accounts involved are being scrutinised and the victims were clearly trapped through greed-based manipulation.

Police Investigation Underway

Authorities are now analysing digital footprints, cloned mobile logs, and inter-state bank transactions. Officials have urged the public to remain cautious of unsolicited investment calls, especially those promising unusually high profits.