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Trading scam: Man held for defrauding 11 of over ₹10 cr
The New Indian Express Villupuram
|February 20, 2025
PUDUCHERRY Cyber Crime Police arrested a man from Tiruppur for allegedly defrauding at least 11 individuals for a total of over ₹10 crore through an online trading scam.
The case was initiated based on a complaint by Saravanan M (41) of Puducherry. The victim had allegedly lost ₹1.69 crore to a scammer, who had contacted him via WhatsApp and lured him into an investment scheme on a fake trading website. After Saravanan deposited the funds, his access was blocked, and his money was siphoned off.
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