India, Nov. 18 -- A Bengaluru man has accused an online trading platform of defrauding him of Rs.42.62 lakh after he invested in what was presented as a lucrative cryptocurrency trading scheme.

As per a police complaint registered on November 14, 45-year-old Shakthivel E came across the opportunity through Instagram, where an individual named Ashutosh Sharma allegedly introduced him to a Telegram group offering guidance on crypto investments, said a report by the NDTV. The group pitched a one-week trading programme focusing on Ethereum and USD pairs, assuring handsome profits and a 15 per cent cut on earnings as commission. Initially, small returns were credited to his account from different sources, strengthening his belief in the schem...