Cyber Fraud Alert: Private Firm Employee Loses ₹72 Lakh in Online Scam”

A private firm employee from S.R. Nagar lost ₹72.6 lakh in a new online investment scam, barely eight months after recovering a portion of ₹71.9 lakh lost in an earlier cyber fraud.

Cyber Crime Sep 18, 2025 0 46 Add to Reading List

Private Firm Employee Loses ₹72 Lakh in Fresh Online Investment Scam Following Earlier Cyber Fraud

A 24-year-old private firm employee from S.R. Nagar has once again fallen victim to a large-scale cyber fraud, losing ₹72.6 lakh in a fresh online investment scam. This comes barely eight months after partially recovering ₹9.8 lakh from an earlier loss of ₹71.9 lakh due to a similar scam.

The victim approached the Central Division Cyber Crime Police, filing a formal complaint on Saturday. An FIR (First Information Report) has been registered against an unknown individual under the IT Act and Section 308 (Extortion) of BNS.

Background of the Case

In April 2025, the victim was defrauded of ₹71.9 lakh through an online trading scam. Following court intervention, ₹9.8 lakh—which had been transferred by the accused to various accounts—was reverted to the complainant’s bank account.

Recent Incident

On July 1, 2025, the victim received a WhatsApp call from an unknown person, threatening to file multiple police complaints unless he transferred money. Under coercion, the victim transferred a total of ₹72.6 lakh via multiple online transactions between July 1 and September 11, 2025.

Current Status

The Cyber Crime Police are currently scrutinizing the transaction records to verify the authenticity of the complaint. Investigations are in progress to trace the accused individual based on the contact details shared by the complainant.