Daijiworld Media Network - Kasargod

Kasargod, May 11: A senior citizen from Angadimogaru has reportedly lost Rs 42.41 lac in an online trading scam, according to a complaint lodged with the police.

The victim has been identified as Abubakkar (73) of Nas Manzil, Khatib Nagar, Chakatchal in Angadimogaru.

He allegedly invested the money in an online trading platform on February 29, 2025, and ended up losing the entire amount.

Cyber police have registered a case and launched an investigation into the matter.

How to stay safe?

Vigilance is the key to avoiding such scams. If you receive such calls, never fall for the trap. Remember, police officials never initiate cases online or ask for money.

Most importantly, the term “digital arrest” is fabricated by scammers and does not exist in Indian law. If someone threatens you with it, it is undoubtedly a scam.

Additionally, never share bank details, OTPs, or other sensitive information over phone calls or messages, regardless of the caller’s claims. If you suspect a scam, report it to the authorities and your bank immediately. Quick action can help prevent further losses.