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Mangaluru: A victim has allegedly lost Rs 25 lakh in an online scam related to a stock trading app.
The complainant received a message on an Instagram account on September 24, this year, regarding earning money through online stock trading using a related app. The victim was then added to the app. Intially, the complainant was made to perform small tasks for which prompt payments were made. Later, the complainant invested Rs 50,000, Rs 4.5 lakh, 15 lakh and 5 lakh. However, the complainant was not able to withdraw the invested money and doubted the authenticity of the application. The complainant alleged that between September 26 and October 10, in phases, Rs 25 lakh was transferred from a bank account.
A case in this regard has been registered at the CEN police station.
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