A man lost Rs 8 lakh to an online fraudster who lured him on the pretext of earning a high interest through gold trading. The man ended up borrowing money from his friends and relatives, only to lose it.

Sayed, 34, a resident of Brigade Road, filed a complaint with the Central CEN police station last week. He said that on September 2, he received a message on WhatsApp from an unknown number along with links to a website to register for gold trading. “I wasn’t interested and did not respond to the messages but they kept sending me details of gold trading and how profitable it was.

From the investment company, a woman called me after a week and told me to register and invest a small amount to see how it works. She told me that the profit was four times the amount we invested and I decided to give it a try. I registered on their website and spent Rs 500 to open the account.

“At first, I invested Rs 25,000 and within two days, I received a good profit and decided to invest Rs 30,000 more. Seeing the profit, I transferred money after two weeks to my wallet on their website. In total, I invested Rs 2 lakh and made the investments on gold and in a week, my wallet balance had Rs 8 lakh. But when I tried to withdraw money and transfer that to my bank account, they froze the wallet.”

Sayed did not realise that it was a fake website. “I called their customer care services who told me that it was a huge amount and I cannot withdraw it without adding some extra amount as…

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