Kochi | In a stark reminder of the growing risks in digital investing, a 59-year-old man in Kerala’s Kochi has lost over ₹1.2 crore after being lured into a fraudulent online investment scheme promising unusually high returns. The case, reported from the Thrikkakara area, highlights how cybercriminals are increasingly using sophisticated tactics to exploit trust and financial aspirations.
According to the complaint, the victim—originally from Mavelikkara and currently residing in Vazhakala—was approached through social media by unknown individuals posing as investment experts. They claimed to offer lucrative returns through online share trading and convinced him to invest via a platform named “FMI-FBS Markets Inc.”
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₹1.2 crore transferred in phases
Falling into the trap, the victim transferred a total of ₹1,20,18,500 between October 15, 2025, and March 3, 2026. The funds were sent in multiple instalments using both his personal bank account and his wife’s account. Initially, the platform displayed fabricated profit figures, creating an illusion of successful investments and reinforcing the victim’s confidence.
However, when the victim attempted to withdraw his funds, he encountered repeated delays, excuses, and technical issues. Eventually, the platform became inaccessible, and all communication with the alleged operators ceased—confirming the fraud.
Multiple victims, expanding pattern
Investigators indicate that this is not an isolated case. Several similar incidents have surfaced in recent months, revealing a troubling pattern. Earlier this year, a 71-year-old individual was defrauded of ₹89 lakh after being added to a WhatsApp group promoting investment schemes. In separate cases, a doctor lost ₹37 lakh, while another individual lost ₹34.55 lakh through similar tactics. A woman also reported losing ₹5.32 lakh after responding to an Instagram advertisement.
These cases demonstrate that cybercriminals are targeting a wide demographic—ranging from elderly individuals with savings to young professionals—using platforms like social media, messaging apps, and fake online identities.
Signs of organised international networks
Preliminary findings suggest that such scams may be linked to organised international cybercrime networks. Reports indicate that thousands of fraud groups operate from overseas locations, executing well-coordinated schemes with trained operatives who specialise in manipulating victims through digital channels.
The Future Crime Research Foundation has also flagged a sharp rise in investment-related cyber frauds across India. According to its findings, criminals are increasingly relying on advanced social engineering techniques—building trust over time, showcasing fake profits, and gradually encouraging victims to invest larger sums before disappearing.
Expert warning: ‘Greed and trust are key triggers’
Renowned cybercrime expert and former IPS officer Prof. Triveni Singh warns that the promise of high returns is often the biggest trigger in such scams. “Fraudsters first create a sense of credibility by showing small, fake gains. Once the victim gains confidence, they are persuaded to invest larger amounts. The moment full trust is established, the criminals vanish,” he explains.
He adds that these scams are rooted in psychological manipulation rather than just technological deception, making them harder to detect for unsuspecting individuals.
How to stay safe from investment fraud
Experts advise that any investment offering unusually high or guaranteed returns should be treated with suspicion. Investors should only use verified and regulated platforms and avoid transferring money to unknown websites or apps without proper authentication.
It is also crucial to stay cautious of unsolicited investment offers received via social media, WhatsApp groups, or unknown contacts. Verifying the legitimacy of platforms, checking regulatory approvals, and consulting financial advisors can significantly reduce the risk.
In case of suspected fraud, individuals should immediately report the incident by calling the cyber helpline 1930 or filing a complaint on the official cybercrime reporting portal.
The Kochi case serves as yet another warning that in the fast-evolving digital economy, vigilance is essential. A moment of misplaced trust or the lure of quick profits can lead to devastating financial consequences.
