A senior citizen in Kochi has fallen victim to an alleged cyber fraud, losing a total of ₹2.14 crore in an online share trading scam, prompting the city cyber police to register a case.
According to the police, the 62-year-old resident of Edappally was approached by fraudsters who promised unusually high returns on share market investments. The scammers first contacted him after he clicked on a link he came across on Facebook and shared his personal details.
Officials said the accused gradually gained the complainant’s trust and convinced him to invest large sums of money. Between October 30 and December 3, the victim transferred ₹2.14 crore from 4 different bank accounts to the accounts provided by the scammers.
The complainant reportedly began to suspect foul play when the promised returns were not credited to his account. His concerns deepened when the accused stopped responding to his calls and eventually blocked all communication.
Realising that he had been cheated, the victim approached the Kochi City cyber police and filed a formal complaint. Based on his statement, a case has been registered, and an investigation is currently underway to trace the accused and track the money trail.
Police officials have once again cautioned the public to remain alert while responding to investment offers circulating on social media platforms. They have advised users to avoid clicking on unknown links and to verify the authenticity of any investment scheme before transferring funds.
The incident adds to a growing number of cyber fraud cases involving online trading scams, where victims are targeted through social media and messaging platforms with promises of quick and high returns.
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