Elderly Bengaluru Man Loses Rs 1.33 Crore in Sophisticated Online Investment Scam

Nov 24, 2025 11:44 am CST

A 74-year-old Bengaluru resident fell victim to a cybercrime scheme, losing Rs 1.33 crore after being deceived by a fraudster posing as a wealth management representative. The scammer promised lucrative IPO returns and convinced the victim to transfer funds through a fake application, highlighting the increasing sophistication of online financial frauds targeting senior citizens.