Mumbai Cyber Fraud Victim Loses ₹10 Lakh in Trading Scam

A scientific assistant in Mumbai was invited to online groups that promised large profits from stock trading.

The groups shared stock tips that appeared to work.

This made him believe the investment scheme was real.

He then invested about ₹10 lakh through an app and a website.

The website showed that his money had supposedly grown to ₹47.32 lakh.

However, it said he needed to pay another ₹7.84 lakh before he could withdraw the money.

When he asked for the amount to be deducted from his displayed balance, the people allegedly refused.

He then reported the matter to the police.

Police are investigating the people, groups and website involved.