A 41-year-old from Kerala, now living in Dubai, lost over ₹2.11 crore to a forex trading scam that ran on Telegram.
He was drawn in by an online advertisement for a company named Handtec Markets, which promised big returns and led him to invest through a fake website that looked legit.
Ernakulam Rural Cyber Crime registers FIR
After the money was sent, both his funds and the supposed profits disappeared, and the scammers cut all contact.
A friend helped file a complaint with Ernakulam Rural Cyber Crime Police, and the FIR was registered on November 11, 2026.
Now, cybercrime officers are investigating bank accounts linked to the scam and suspect a North Indian gang is involved.
The focus is on tracking those behind the Telegram group and fake site to prevent more people from falling for similar traps.