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Bengaluru employee loses ₹1.21 crore in online investment scam

In Bengaluru, two distinct investment scams have swindled employees from private firms out of ₹3.6 crore. One victim fell prey to a WhatsApp message in January 2024, losing ₹1.21 crore. Authorities are currently looking into these cases and advising the public to remain vigilant against online schemes that promise high returns.

BRIC Team
BRIC Team
Jun 8, 2026 · 2 min read · 2 views
Bengaluru employee loses ₹1.21 crore in online investment scam

Key Takeaways

  • A Bengaluru man lost ₹1.21 crore in an online investment scam that began with a WhatsApp message in January 2024.
  • Another victim was defrauded of ₹1.39 crore after being lured by a woman named Nisha Sharma on Telegram on April 9.
  • The first victim was promised returns of ₹3,000, ₹10,000, and ₹1 lakh for investments of ₹1,000, ₹5,000, and ₹50,000, respectively.
  • Authorities are investigating the scams and tracing bank accounts linked to the fraud, as reported to the National Cyber Crime Reporting Portal.
  • Victims are warned about the rising prevalence of online scams that promise high returns with minimal effort, leading to severe financial losses.

Two separate scams in Bengaluru have left private firm employees reeling,with losses totaling ₹3.6 crore . Scammers used online schemes to bait victims with promises of high returns .

A 38-year-old from HBR Layout got caught in an online task-based scam running over two years . It started January 2024 with a WhatsApp message from an unknown number. The message had a link to an app claiming users could earn commissions by doing simple online tasks.

Victim first invested small sums, ranging ₹1,000 to ₹50,000. app showed enticing returns — ₹1,000,₹5,000, ₹50,000 supposedly brought ₹3,000,₹10,000,₹1 lakh . Convinced by these returns, he poured in more cash, ultimately transferring ₹1.21 crore to various accounts linked to app between January 2024 and May 26,2026.

When he tried getting his money back,he realized he'd been conned. He reported the fraud to police,claiming unknown scammers duped him. He's now seeking legal action to recover lost funds. Complaint filed with National Cyber Crime Reporting Portal,prompting East CEN Crime Police to investigate . Authorities are tracing digital footprint and bank accounts tied to scam.

In another case,a Bengaluru resident lost ₹1.39 crore in a forex scam . Victim met a woman named Nisha Sharma on Telegram April 9,she pulled him into forex trading. She got him to speak with another Telegram account and use fake trading sites .

He started with ₹50,000, but Nisha showed big profits on platform,urging him to invest more. Eventually,he put in ₹1.39 crore. The trading account showed a balance of nearly ₹4.5 crore,including supposed profits. But when he tried withdrawing,he was told to pay ₹92.5 lakh in “income tax” first.

Victim suspects profits shown were fake to lure more investment. The extra ₹92.5 lakh demand raised red flags — likely part of bigger scam.

Authorities warn public about online platforms promising high returns for little effort. These scams are on rise as cybercriminals target unsuspecting individuals,causing financial havoc…

#Karnataka

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