Online share trading scam: Chennai woman duped of ₹10.27 crore; two arrested

The Cyber Crime Wing of the Central Crime Branch in Chennai has arrested two individuals for their involvement in an online share trading fraud that resulted in a woman being scammed out of ₹10.27 crore. The woman was enticed to invest in share trading through a fraudulent online trading app after coming across an advertisement on social media. She deposited the money based on exaggerated profits shown on the app, only to realize it was a scam when she couldn’t withdraw the funds. The police were able to trace and arrest the culprits, recover some of the money, and caution the public against falling for similar investment scams. If you encounter such scams, contact the cybercrime helpline or file a complaint with the police.