Staff Reporter :
A textile trader from the city has allegedly been cheated of more than Rs 54 lakh by cyber fraudsters who promised huge returns through cryptocurrency investments.
The Cyber Police have registered a case against six accused, including a woman identified as Amyra Khandelwal from Telangana, Balbir Singh and four others. Two of the accused are reportedly based in London.
The complainant, Naresh Sundardas Jethani (37), owns a textile shop named Amrut Collection in Gandhibagh.
According to police, Jethani came into contact with Amyra through WhatsApp in July 2025.
Amyra allegedly convinced him to invest in cryptocurrency by promising high profits within a short period. Believing the offer to be genuine, Jethani transferred a total of Rs 54.80 lakh to bank accounts provided by the accused over several months.
However, despite repeated assurances, he neither received the promised returns nor got his investment back. Realising that he had been cheated, Jethani approached the police.
The Cyber Police registered a case under relevant sections of the Information Technology Act and cheating provisions of the law. Investigators are now tracing the money trail and examining bank accounts linked to the accused.
