Telegram Trading Scam Tricks Kochi Pharma Firm Owner Into Losing Rs 25 Crore
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Kochi: A 49-year-old pharmaceutical company owner from Elamkulam has reportedly lost Rs 25 crore in an online investment scam, marking one of Kerala's largest individual financial frauds. The victim, an experienced stock market investor, was allegedly lured by promises of exceptionally high returns, including doubling his investment.
According to the Kochi City Police, the fraudster introduced himself as 'Daniel' and first contacted the victim in March 2023 through Telegram. Over time, 'Daniel' convinced the victim to invest in an online trading platform named 'Capitalix' , promising substantial profits from purchasing shares of high-value companies at minimal investment.
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