42-year-old account manager loses ₹11.4 lakh in forex trading scam via Telegram link

Summary

A 42-year-old account manager from Chandkheda, Ahmedabad, lost Rs 11.4 lakh in a forex trading scam after clicking on a Telegram link to a fake online platform in June 2024. The victim, who works at a private company in Prahladnagar, was lured into investing through the platform after initial small profits were shown. He made multiple transfers between June 6 and August 6, totaling Rs 11.6 lakh, before being asked to pay a 30% tax of over Rs 10 lakh to withdraw his funds. When he refused and demanded a refund, the scammers stopped responding. The victim then contacted the national cyber helpline and filed a police complaint. The city cybercrime police registered an FIR against unidentified individuals under the Bharatiya Nyaya Sanhita and the Information Technology Act.