Telegram Trading Scam Tricks Kochi Pharma Firm Owner Into Losing Rs 25 Crore

According to the Kochi City Police, the fraudster introduced himself as 'Daniel' and first contacted the victim in March 2023 through Telegram. Over time, 'Daniel' convinced the victim to invest in an online trading platform named 'Capitalix' , promising substantial profits from purchasing shares of high-value companies at minimal investment. Initially, the victim deposited Rs 2 crore and was presented with forged documents showing a profit of approximately Rs 4 crore. Gradually, following the fraudster's instructions, the victim transferred a total of Rs 24.76 crore to various bank accounts between March 15, 2023, and August 29, 2025. The New Indian Express reports that the fraud came to light when the victim attempted to sell the shares and realized that the trading platform was fake. The Kochi City Police have registered a case under charges of cheating and criminal breach of trust as per the Bharatiya Nyaya Sanhita (BNS). Investigations are ongoing. Kochi City Police Commissioner Putta Vimaladitya emphasized the importance of remaining alert and cautious while engaging in any online financial activity. He noted that this case is a typical example of financial loss stemming from online trading scams that prey on individuals seeking high returns.