Representative image of online fraud.
Credit: Reuters Photo
Mangaluru: A 46-year-old teacher lost Rs 5,03,775 to an online fraud in the name of trading.
In a complaint, Narayana, from Sullia taluk said that he had seen an advertisement on Facebook which stated start with Rs 21,000 to reach Rs Rs 17,00,000 in 28 days and registered by providing his mobile number and Gmail address as instructed.
Subsequently, the complainant received a call, and his basic details were collected. He was asked to open an account in GMZ Global Trading Platform, and a login ID and password were provided.
The complainant opened a trading account in GMZ Global Trading Platform using the given ID and password and transferred a total of Rs 5,03,775.11 in a phased manner as directed by unknown individuals.
When the complainant asked for the option to withdraw the money, he was told to deposit more money. He realised that he had been cheated by the fraudsters and submitted a complaint to DK CEN station.
A case has been registered under Section 66(C), 66(D) of the IT Act, and Section 318(4), 319(2) of the BNS Act.