A retired senior manager of Indian Airlines in Bengaluru has been defrauded of Rs 2.1 crore in an online stock market investment scam. The victim, identified as Suma (name changed), a resident of Benson Town, fell prey to the fraud after coming across an advertisement on Facebook in June 2025 that promised huge returns on investments.
How the Scam Unfolded
Suma gave a missed call to the mobile number mentioned in the advertisement. Shortly after, she began receiving calls from several international numbers. The callers introduced themselves as investment advisers and convinced her to download an app named “fxroad.com,” claiming it was a professional trading platform that would generate high returns.
Communication and Transactions
The fraudsters asked her to invest money through the app and regularly communicated with her via Telegram using an ID linked to “fxroad.com.” They reportedly sent different bank account details for every transaction and instructed her to transfer funds to those accounts for trading and investment purposes.
Trusting the scheme and believing she was earning profits, she transferred huge sums in multiple transactions from her two bank accounts between June 2025 and May 2026. In total, she transferred Rs 2,10,89,441. However, when she later tried to withdraw the supposed returns or contact the investment handlers, she realised that she had been cheated.
Legal Action Taken
A case has been registered under the Information Technology Act and BNS Section 318 (cheating) at Central Cyber Crime Police Station. Authorities are investigating the matter and have urged the public to exercise caution while responding to online investment offers.
