The Economic Times

Man joins WhatsApp group, downloads trading app & loses Rs 1.29 crore; fraudsters demand another Rs 20 lakh to release his money

A 70-year-old man from Bhiwandi, Thane, allegedly lost Rs 1.29 crore after cyber fraudsters lured him into investing through a fake online trading app promoted via a WhatsApp group. Police have registered a case against the accused, but no arrests have been made so far.