Rise of Cyber Frauds in Kerala: The Capitalix Scam Unveiled
Kerala is experiencing a significant increase in cyber frauds, especially involving bogus online share trading platforms, leading to a loss of over Rs 33 crore in early September. Authorities are cracking down on these scams, urging quick reporting for better chances of recovering funds.
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Kerala is currently grappling with a surge in cyber fraud cases, notably involving fraudulent online share trading, cryptocurrency schemes, and forex investments. From September 1 to 13, victims have reported losses surpassing Rs 33 crore, according to state cyber police.
The most significant loss occurred in Kochi where a pharmaceutical businessman suffered a Rs 24.76 crore loss in the Capitalix scam. Police are seeing an uptick in similar reports, with victims including well-qualified professionals like doctors.
Authorities have started tracking and freezing suspect bank accounts. Furthermore, Kerala Police are advising the public to swiftly report any suspicious investment opportunities or fraud incidents, emphasizing prompt action for the potential recovery of stolen funds.
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