Man loses Rs 42.4 lakh in online trading scam

A 44-year-old man from Kallige village in Bantwal fell victim to an online trading scam, losing a staggering Rs 42.4 lakh. The victim, who works abroad, filed a complaint stating that on March 13, he was contacted by an unknown individual named Lakshmi, who introduced him to online trading opportunities. The caller provided a Telegram link and asked him to create an account, which he did.

Soon after, the victim received another Telegram link with product details and was instructed to make an initial payment of Rs 10,000. On the same day, he transferred the amount to a bank account provided by the scammer. The money was later credited back to him, and he was encouraged to continue making further payments for trading purposes.

Between March 15 and August 15, the victim transferred various sums of money to multiple bank accounts, totaling Rs 42.4 lakh. Realizing he had been scammed, he reported the incident, and a case has been filed at the CEN Crime police station. The investigation is ongoing.