Man Loses Rs 27 Lakh In Online Trading Fraud

The victim came across an online trading page on Facebook and was later added to a WhatsApp group by its administrators. The scammers lured him into investing by promising high returns and sharing fabricated screenshots showing hefty profits. Acting on their instructions, the victim downloaded a trading application named ADVPMA and initially invested ₹10,000.

Encouraged by the fake profits displayed on the app, he continued to invest and eventually transferred a total of ₹27.05 lakh. The application showed his balance as ₹81.69 lakh, including profits. When he attempted to withdraw the amount, the fraudsters blocked the transaction and demanded an additional ₹50 lakh, citing various charges.

Realising that he had been duped, the victim approached the police and lodged a complaint on Monday. Cybercrime police have registered a case and are investigating.