Kolkata Businessman Loses Rs 46 Lakh to Fake Chinese Investment Apps

A Kolkata-based businessman fell victim to a sophisticated investment scam orchestrated through fake Chinese apps, losing Rs 46 lakh. The fraudsters used a deceptive app and social media to lure the victim into a trap, highlighting the growing risks of cyber fraud targeting even the tech-savvy.

  • A businessman from Bansdroni lost ₹46 lakh after being lured into investing through a fake stock trading app that promised high returns.
  • The scam began with small investments and gradually escalated as the victim believed the fake app’s falsified data showing profits.
  • The victim was contacted through social media, added to a WhatsApp group, and persuaded to download a fraudulent app disguised as a legitimate investment tool.
  • The fake app, distributed as an .apk file, enabled remote access to the victim's device and displayed manipulated investment growth to maintain trust.
  • The fraud was uncovered after the victim attempted to withdraw funds, leading to the discovery that he had been duped.
  • Law enforcement arrested two individuals connected to the scam by tracing the money trail to private bank accounts linked to the suspects.
  • The victim's case highlights the increasing prevalence of cybercrimes that exploit counterfeit apps and social engineering tactics.

This case emphasizes the critical need for vigilance in the digital era. Individuals must avoid downloading apps from unverified sources, thoroughly vet investment platforms, and remain cautious when approached online. Cybersecurity solutions, like Net Protector’s advanced security, play a vital role in detecting threats and preventing unauthorized access. At Net Protector, we are dedicated to providing robust tools and awareness campaigns to empower users and safeguard them from evolving cyber threats.