Three residents of Coimbatore district have reported losing a combined ₹99 lakh in separate online trading scams, prompting the district cybercrime police to register 3 cases.
In the first case, D BharathiRaj, 41, from Coimbatore, was allegedly persuaded in January to invest ₹39.93 lakh through a fake online trading mobile app. He was introduced to the platform through a WhatsApp group called “Golden Pathway.” When he later tried to withdraw his investment and profits, he was blocked from accessing the funds.
In the second case, S Elango, 30, from Sulur, transferred ₹21.31 lakh through 29 online transactions to multiple bank accounts. He was promised high returns through the “Induphold” online trading platform after being contacted by an unknown person through a WhatsApp call in April. The caller allegedly used the promise of high returns to defraud him.
The third complaint was filed by R Sathiyaseelan, 43, from Pollachi. He opened an online demat account in January using a fraudulent link and was later added to a WhatsApp group that offered trading advice.
Sathiyaseelan subsequently invested ₹37.72 lakh in various suspected accounts. When he attempted to withdraw the money, the fraudsters allegedly restricted access and demanded additional tax payments to release the funds.
Following complaints from all 3 victims, the district cybercrime police registered separate cases on Sunday.
Police have obtained details of multiple suspected bank accounts and phone numbers allegedly used in the frauds. Investigators are now working to trace the suspects and recover the defrauded money.
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