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Yavatmal: A hardware trader from Ralegaon was cheated of ₹1.37 crore on the pretext of cryptocurrency and forex trading investments promising high returns. Following the incident, the complainant Manish Kantilal Bora approached Ralegaon police based on which a case was filed against a woman and other unidentified accused.According to the police complaint, Bora received a WhatsApp message on Nov 4, after which a woman, who introduced herself as Ankita Agrawal, contacted him over the phone. She lured him with assurances of substantial profits through investments in cryptocurrency and forex trading.Subsequently, the woman sent him a link on WhatsApp and asked him to download an app named “S Fox”. Initially, small transactions were carried out to gain his confidence. He was then instructed to deposit money into various bank accounts for trading purposes.The application displayed artificially inflated and fake profits on his investments. Seeing the apparent returns shown on the app, the trader invested not only his business funds but also borrowed money from banks, eventually investing a total of ₹1.37 crore.When Bora later attempted to withdraw his principal amount online, the accused avoided payment citing technical issues and ultimately refused to release the funds. Realising that he had been cheated, Bora filed a police complaint.