Coimbatore: The city cybercrime police have registered a first information report in a case in which a 50-year-old businessman from the city was cheated of Rs72.8 lakh in an online trading scam last year.According to the city cybercrime police, an unidentified person added the businessman to a WhatsApp group in Oct 2025. Members of the group actively shared their success in online trading and how a specific online trading platform helped them reap high profits. “One of the group members then approached the businessman and promised huge profits if he were to invest in online trading as per his directions. Believing the person, the businessman transferred Rs72.75 lakh to him in 13 transactions between Oct and Nov 2025.” the officer said. However, when the businessman attempted to withdraw his profits from the trading portal, he realized that he was duped. The victim immediately approached the authorities and lodged a formal complaint in Nov 2025. The city cybercrime police initially issued a community service register receipt and commenced a preliminary inquiry. Following the initial probe and verification of bank transactions, police registered a first information report on Thursday and began investigations to apprehend the fraudsters.
