Man loses Rs 1.2 crore after investing online, says he thought that he was getting profits

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Key Points

A man was cheated of around Rs 1.2 crore when he was contacted by scammers online..

Cases of online scams in the country have been rising since the beginning of this year and people must stay safe from such scams by not trusting strangers when it comes to their hard-earned money..

The victim, Sujith (name changed), was added to a social media chat group by the scammers in June 2023..

Once a victim invested in the phoney cryptocurrency trading firm, the scammers would display profits in the app to give the victim a feeling of legitimacy. However, when the victim tried to withdraw the profits, they would be asked to pay service charges and taxes..

Moreover, cases of scammers approaching people via WhatsApp and Telegram are on the rise in the country..

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