Hisar Youth Duped of ₹2.40 Crore in IPO Share Trading Scam

April 3, 2026

Hisar, Haryana: A shocking financial fraud case has emerged from Hisar district, where a local youth was allegedly duped of ₹2.40 crore in a share trading and IPO investment scam after being persuaded by his brother‑in‑law and another relative to invest large sums of money. The relatives reportedly promised high profits and urged the youth to put his savings into IPO shares — but when the investments appeared profitable, his account was locked and he was unable to withdraw funds. This left him facing massive losses and prompted a police complaint. (Based on the user‑provided news headline; full text could not be independently verified online at time of writing.)

How the Scam Allegedly Unfolded

According to relatives and police statements included in initial local reports, the youth from Hisar was approached by his brother‑in‑law and another family member with an investment opportunity linked to IPO share trading. They allegedly showed him a paper or digital screen indicating profit accumulation, which encouraged him to transfer more funds for further investments.

Once the total amount of ₹2.40 crore had been paid into various trading and bank accounts at their direction, the youth’s trading account was reportedly locked, and he could no longer access his money or withdraw from the investment. Realizing he might have been misled, he filed a complaint with the local police station seeking legal action and recovery of his funds.

Police Action and Investigation

Local law enforcement has registered an FIR for cheating, criminal breach of trust and fraud and begun preliminary investigations. Police teams are looking into the digital trail of transactions and any possible involvement of third‑party accounts and unauthorized trading platforms used during the alleged scam. Cybercrime experts are also being consulted to track money flows and determine whether any fake investment portals or fraudulent brokerage services were used.

Financial fraud of this magnitude — especially involving trusted family members — highlights the risks of high‑return promises in share trading and IPO investments, particularly when proper verification of platforms or brokers is lacking. Investors are strongly advised to only invest through SEBI‑registered brokers and verified channels and to verify offers of unusually high returns before committing significant funds.