Ernakulam, Sept. 3 -- A resident of Ernakulam in Kerala was allegedly duped of Rs 24.76 crore through a fake stock trading scheme, police said.

The Cyber Crime Police Station, Kochi, has registered a case under Sections 316(2) and 328(4) of the Bharatiya Nyaya Sanhita (BNS) in connection with the case, in which the victim has been identified as Nimesh E.

According to police, the fraud occurred between March 15, 2023, and August 29, 2025. The victim was lured into the scheme primarily through the messaging platform Telegram.

The scammers, operating under the name 'Daniel' and using a fake website, www.capitalix.com, and through a Telegram account @capitalix_bot, tricked the victim into transferring Rs 24.76 crore in multiple instalments...