Victim Duped in Fake Investment Scheme
A woman from Mangaluru has fallen victim to an online investment fraud, losing Rs 3.5 lakh. The incident came to light after she filed a complaint with the Hiriyadka Police, who have registered a case under Section 66(D) of the Information Technology Act, 2000.
According to the complaint, the fraudsters lured the woman with promises of high returns on investment through an online platform. She transferred a total of Rs 3.5 lakh over a period, but later found that the platform was fraudulent and her money was gone.
Police Action Under IT Act
The Hiriyadka Police have initiated an investigation into the matter. Section 66(D) of the IT Act deals with cheating by personation using a computer resource, which carries a penalty of imprisonment up to three years and a fine up to Rs 1 lakh.
Cyber crime experts advise the public to be cautious of investment offers that seem too good to be true and to verify the authenticity of online platforms before transferring money.
