Chandigarh, March 29, 2025 – Cybercrime related to online trading and investment scams is on the rise, with a fresh case in Chandigarh exposing a major fraud. A Sector 21 resident, Kanav Khanna, lost ₹1.08 crore after being lured with promises of high investment returns.
Khanna filed a complaint at the Cyber Crime Police Station, Sector 17, detailing how an unidentified fraudster convinced him to invest gradually in a bogus online trading scheme. Based on his complaint, police registered a case under multiple sections of the BNS and IT Act.
Surge in Cyber Fraud Cases
More than 500 online fraud cases have been reported in Chandigarh over the past year, with victims suffering financial losses worth crores. According to cyber police, scammers use fake trading apps, fraudulent foreign investment schemes, and false stock market promises to deceive investors.
How the Scammers Operate:
Victims receive calls or social media messages promising huge profits.
They are asked to register on fake trading websites or apps.
Small initial investments generate fake returns to build trust.
Once victims invest large sums, the scammers shut down operations and disappear.
Cyber Police Advisory:
Verify the authenticity of investment platforms before investing.
Avoid responding to unknown investment offers or suspicious calls.
Report any suspected fraud immediately to the Cyber Helpline (1930) or local police.
As cyber fraud cases continue to rise in Chandigarh, authorities urge residents to stay alert and avoid falling prey to online scams.
