Mangaluru: A 38-year-old man allegedly lost Rs 19.6 lakh after being lured into a trading group on Telegram, according to a complaint filed with the CEN crime police station.The complainant said that on June 24 he came across a Telegram group named ‘Trading discussion group12’ while searching for information about trading. After joining the group, persons operating under the name ‘nalandacapital’ allegedly sent him PhonePe IDs and details of various bank accounts, asking him to transfer money for investments.Between June 24 and Aug 20, the complainant allegedly transferred money in several instalments. When he later sought to withdraw his investment, the suspects reportedly asked him to pay tax. He said he made the payment, but was subsequently told that he could withdraw the money only after maintaining a balance of Rs9.4 lakh in his trading account.Suspecting that he had been cheated, the complainant discussed the matter with his neighbours and contacted the national cybercrime helpline 1930 on Aug 22. Police have registered a complaint alleging that unidentified persons created a fake trading group on Telegram, lured the victim with promises of investment returns and fraudulently collected a total of Rs 19.6 lakh
