Elderly man loses Rs 1.2 crore in online share trading scam
KOCHI: An elderly man was allegedly defrauded of Rs 1.20 crore in an online trading scam in Kochi. The victim, a native of Mavelikkara currently residing in Vazhakkala, was duped by fraudsters who promised high returns through an online share trading platform.
Based on his complaint, a case has been registered for cheating and criminal breach of trust under the BNS, along with relevant sections of the Information Technology Act, said a police source.
