Bengaluru has witnessed two major cyber fraud incidents in which employees working in private companies allegedly lost a combined amount of nearly ₹2.6 crore after falling victim to sophisticated investment schemes. The cases have once again highlighted how cybercriminals are using technology and psychological tactics to deceive investors.
Task-Based App Scam Leads to ₹1.21 Crore Loss
In one incident, a 38-year-old resident of Bengaluru reportedly lost more than ₹1.21 crore after being lured into a task-based earning application. The victim initially received a message promising commissions for completing simple online activities.
The fraudsters reportedly encouraged him to begin with small investments. After showing regular returns on the application dashboard, they gradually convinced him to transfer larger amounts over an extended period. Believing the platform to be genuine, the victim continued investing until he eventually discovered that the displayed profits were not real.
When he attempted to withdraw the funds, access to the money was denied, prompting him to approach authorities. Investigators are currently tracing the accounts involved in the transactions.
Fake Dashboards Used to Build Trust
Officials say many cybercriminals are now creating professional-looking dashboards and applications that display artificial profits. These visual tricks are designed to gain the confidence of users before encouraging them to invest substantial amounts.
Financial experts often note that maintaining proper records and understanding transaction histories are essential safeguards for investors. Businesses and professionals dealing with multiple financial entries frequently rely on bookkeeping services in india to ensure transparency and maintain accurate financial documentation.
Forex Trading Fraud Costs Another Employee ₹1.39 Crore
In another case, a Bengaluru resident allegedly lost ₹1.39 crore after being persuaded to participate in forex trading through social media channels and fraudulent websites.
The victim was reportedly shown attractive returns and a rapidly increasing account balance on the trading platform. Encouraged by the apparent gains, he invested larger sums over time.
However, suspicion arose when he was allegedly asked to pay an additional amount as tax before being allowed to withdraw his funds. Realising something was wrong, he reported the matter to authorities.
Cyber Police Continue Investigation
Investigators believe both incidents follow a common pattern in which fraudsters establish trust through fake profits and later prevent withdrawals. Authorities have advised people to remain cautious about unsolicited investment opportunities and avoid platforms promising unrealistic returns.
Cybercrime teams are currently tracking digital evidence and financial transactions to identify those responsible for the scams. Citizens have also been encouraged to verify investment platforms carefully before transferring money.