Ludhiana, Feb. 11 -- An 18-year-old boy lost Rs.16.08 lakh to cyber fraudsters, who duped him under the guise of stock market investment. The teenager, who had received the money from his father for college entrance exams and fee, was added to a WhatsApp group where fake investment profits were shown to lure him into further transactions.

When the boy asked for his money back, the fraudsters refused and pressured him to invest more. Realising the scam, he informed his family, who then approached the Cyber Crime Police Station of Ludhiana Commissionerate.

The complainant's father shared that he had transferred money into his son's account to cover his college entrance fees. However, while scrolling Instagram, the teenager came across an ...