Non-resident Keralite loses Rs 4.5 crore to bogus share trading app

KOCHI: A non-resident Keralite (NRK) belonging to Perumbavoor has lost Rs 4.5 crore to fraudsters operating a fake online share trading app. The Ernakulam Rural Cyber Police on Wednesday launched a probe into the fraud based on the complaint lodged by the NRK, who is currently abroad.

The victim was approached by a person who introduced him to an attractive share trading app in Dubai, said a cop. The victim was offered high profit on investment. Later, he was contacted by others through WhatsApp and was asked to download a bogus trading app on his computer.