Coimbatore: A manager of a nationalised bank in the city was cheated of 48.57 lakh by online fraudsters.
Police said J Krishnaraj, 35, of VSK Nagar in K Vadamadurai, is working as a branch manager of Bank of Baroda in the city. He was looking for an online part-time job when he received a WhatsApp message from an unknown number. They asked him to invest in online trading and promised that they would trade his investment and give him huge profits in return.
Krishnaraj subsequently transferred 48.57 lakh in 13 instalments to several bank accounts from March 14 to May 1. Later, when he asked them to return his investment, they asked him to pay additional money to get it back. It was only then that he realised he had been cheated and lodged a complaint with the national cybercrime reporting portal. He had borrowed a loan from his bank and some friends to invest in online trading.
Coimbatore city cybercrime police sub-inspector Sivakumar registered a case against the online fraudsters under sections 419, 420 (impersonation and cheating) of the Indian Penal Code and section 66 D (cheats by personation) of the Information Technology Act.
Police are undertaking efforts to freeze the bank account of the fraudsters with help from bank authorities.

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