COIMBATORE: The Coimbatore district cybercrime police have registered three separate cases following complaints of online trading scams to the tune of Rs 99 lakh.In January, D BharathiRaj, 41, of Coimbatore was lured into investing Rs 39.93 lakh in a fake online trading mobile app through recommendations in a WhatsApp group called “Golden Pathway.” Upon attempting to withdraw his principal and profits, he was blocked from retrieving his funds.In the second incident, S Elango, 30, of Sulur transferred Rs 21.31 lakh in 29 online transactions into multiple bank accounts after being promised high returns on the “Induphold” online trading platform. He was contacted by an unknown person in April via a WhatsApp call. The fraudster promised him high returns and cheated him.In another incident, R Sathiyaseelan, 43, of Pollachi opened an online demat account in January through a fraudulent link and was added to a WhatsApp group offering trading advice. After investing Rs 37.72 lakh in various suspect accounts, the fraudsters restricted withdrawals and demanded additional tax payments to release the funds.Following complaints from victims, the district cybercrime police registered three separate cases on Sunday. Police have secured details of multiple suspect bank accounts and phone numbers used by the fraudsters in all the three cases to trace the culprits and recover the defrauded amounts.
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