According to the complaint, the victim received a message on August 22 from a woman who claimed to provide training and tips on stock market investments. She later sent him web links to fill out forms and asked him to download a trading app.
Following her instructions, the consultant began investing through the fake app. At first, he invested ₹1 lakh and saw a fake profit of ₹10,000 displayed on the platform. The fraudsters then convinced him that investing a larger amount would bring higher returns.
Between September 19 and 29, the victim transferred ₹50.17 lakh. The app soon showed his balance had grown to ₹86 lakh. However, when he tried to withdraw the money, the scammers demanded an additional ₹50 lakh, claiming it was required to release his profits.
Realising he had been duped, the consultant filed a complaint with the police. A case has been registered under sections related to cheating and impersonation using computer resources.
Police have launched an investigation to trace the suspects behind the fake trading platform.
Tags:
Cybercrime
