An IAS officer has filed a complaint with the Delhi Police, alleging that she was cheated out of over Rs 1 crore by a supposed investment expert who promised high returns. The complaint was registered at Tilak Marg police station, and authorities have launched an investigation. No arrests have been made yet.
According to the officer, a resident of Maharashtra, she was introduced to the alleged fraudster through a relative in Gurgaon last year. The individual presented himself as a financial market expert specializing in currency trading, boasting consistently high returns and handling investments worth Rs 60-70 crore. He claimed he was close to securing a license for independent trading but required additional funds to reach a balance of Rs 100 crore.
“During our meeting in Delhi, he demonstrated on his laptop the impressive returns he had achieved for other investors. He convinced me that if I entrusted him with my funds, I would receive substantial profits,” the IAS officer stated in her complaint.
Reluctant initially, the officer insisted her savings be kept secure and away from risky investments. However, reassured by the accused, she transferred Rs 1.9 crore to him between September and December 2023. The alleged scammer then claimed to have generated profits of Rs 75 lakh and promised that her investment would double by August 8.
In January, when the complainant requested partial funds due to a personal emergency, the suspect delayed payments and urged her to redirect her stocks, savings, and even her children’s Public Provident Fund (PPF) to his scheme, citing low returns in traditional investments.
By March 2024, the officer had received only Rs 25 lakh back, with repeated promises for the rest. Realizing she had likely been deceived, she filed a complaint with Delhi Police.
