Kochi IT professional loses Rs 1.21 crore in online share trading scam
KOCHI: Amid a worrying surge in cyber fraud cases, a Kochi-based IT professional has allegedly fallen victim to a sophisticated online share trading scam, losing Rs 1.21 crore.
The victim, a 53-year-old native of Thekkum Bhagam in Tripunithura, lodged a complaint, following which police registered a case for cheating and criminal breach of trust under the Bharatiya Nyaya Sanhita, along with relevant provisions of the Information Technology Act, 2008.
