60-year-old doctor cheated of Rs 13 lakh in trading scam
Cyber Crime
Thiruvananthapuram: In a recent case of cybercrime, a 60-year-old retired doctor from Kumarapuram has fallen victim to an elaborate online investment scam, losing Rs 13 lakh.
The fraud reportedly began in the first week of August when the accused contacted the doctor, claiming to be a staff member of IIFL Securities. They initially offered him a free online course on stock market trading. After the doctor completed the course, he was added to a WhatsApp group where members shared success stories of huge profits earned through trading facilitated by the agency.
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In total, the doctor invested Rs 13 lakh. When he requested a withdrawal of his money, the accused demanded Rs 5 lakh as tax to release the promised profit of Rs 80 lakh. It was then that the doctor realised he had been scammed and promptly filed a complaint with the police.
According to TOI, the city cyber police began a probe after registering a case on the complaints of the victim under Section 66 (D) of the Information Technology (Amendment) Act-2008 and Bharatiya Nyaya Sanhita (BNS) Sections 318 (4) for cheating and 319 (2) for criminal breach of trust.
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