A retired government employee from Malkajgiri fell victim to an online trading scam and was cheated to the tune Rs 12.36 lakh after being lured through a social media advertisement.
The complainant came across an advertisement on Instagram in September, which was promoting online trading
services offered by a firm claiming to be NAKA Solutions.
After submitting his personal details, he received a phone call from an individual, who introduced himself as company representative based in the United Kingdom and persuaded him to begin investing through a mobile application.