Online fraudsters cheat Coimbatore bank branch manager of Rs 48.57 lakh

COIMBATORE: Online fraudsters have cheated a bank branch manager in Coimbatore of Rs 48.57 lakh.

They cheated J Krishnaraj, 35, of Classic Garden Extension at VSK Nagar in K Vadamadurai who is a Bank of Baroda branch manager in the city.

The online fraudsters contacted him over WhatsApp call and asked him to invest in online trading. They would trade his amount and return a huge amount as profit to him.

Krishnaraj transferred Rs 48.57 lakh in 13 transactions to the online fraudsters’ bank accounts from March 14 to May 1, 2024.

Later, he came to know that he had been cheated. He tried to get back his money from them. However, the fraudsters asked him to pay more money to get back his invested amount. Otherwise, they would not return the money. He lodged a complaint with the national cybercrime reporting portal.

Krishnaraj told police that he had taken a loan from his bank and borrowed money from his friends to invest in online trading.

Coimbatore city cybercrime police sub-inspector Sivakumar registered a case against the online fraudsters under sections 419, 420 of the Indian Penal Code and Section 66 D of the Information Technology Act.

Police were trying to freeze the online fraudsters account with the help of bank authorities.