India, April 18 -- A 69-year-old retired scientist lost Rs.2.08 crore on a fraudulent trading service platform assuring high returns on investment in share markets, according to South Cyber police. On Wednesday, the case was registered with South Cyber police and an investigation is underway.

The police said that the victim wished to invest money and was on a lookout for various investment options. "In December 2024, he received a link from a well known stock trading platform to download their mobile application. Later, he was asked to open a trading account through the app and invest in share markets," said a police officer from South Cyber police station. He further added that the victim made 27 transactions between December 2024 and F...