Ex-serviceman cheated of ₹46.76 lakh, five arrested
Five individuals were arrested by Dindigul Cyber Crime Police for defrauding an ex-serviceman of over ₹46 lakh through an online investment scam. The victim was lured into a fake stock trading scheme via WhatsApp and coerced into transferring large sums of money.
Why it matters
The case highlights the growing prevalence of sophisticated cyber-financial crimes targeting individuals through social media and messaging platforms.
Dindigul Cyber Crime Police have arrested five persons on charges of cheating an ex-serviceman of ₹46.76 lakh under the guise of getting him higher returns on investment.
According to the police, N. Rajapandi of Dindigul, a retired soldier who is currently employed in a government department, had registered his mobile number through a link provided in a video pertaining to investment last year.
Subsequently, he was contacted through a WhatsApp number and was promised high returns if he invested in a particular company. He was added to a WhatsApp group which had about 150 members. Information regarding stock trading training and strategies for achieving high profits was shared on the group on a daily basis.
Rajapandi provided details with regard to PAN card and Aadhaar card, and a primary trading account was opened for him. He was instructed to download and use an app.
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