Tarun Karthick
Sri Vijaya Puram, 17 December 2025
A resident of Sri Vijaya Puram has reportedly fallen victim to a large-scale cyber fraud, losing more than ₹90 lakh after being lured into a fake online stock trading scheme. The Cyber Crime Police Station, Andaman and Nicobar Islands, has registered an FIR in the case.
According to the FIR, the fraud dates back to July 2025, when the victim came across an online advertisement on Google promoting a trading platform operating under the name “Finalto Indus.” After checking what appeared to be genuine online reviews, the resident clicked on the website and created a trading account. The platform encouraged users to buy and sell stocks, displaying profits in a simulated trading account to gain their confidence.
The complainant initially invested around ₹10 lakh through RTGS, which was converted into foreign currency and reflected as active trading. Encouraged by visible “profits,” the resident made multiple further investments over the next few weeks. In total, an amount of approximately ₹90 lakh was transferred through several RTGS transactions from bank accounts linked to the complainant.
Trouble arose when the victim attempted to withdraw the accumulated profits, which had reportedly grown to nearly ₹2.8 crore on the platform’s dashboard. The platform claimed the payout would be released in three instalments, but only ₹58,000 was credited to the complainant’s bank account. During the second withdrawal attempt, a minor error was cited by the platform, following which the victim was asked to pay an additional ₹80 lakh, allegedly for “risk control” clearance.
It was at this stage that the victim realised he had been cheated. A complaint was first lodged on the National Cyber Crime Reporting Portal in September, following which he approached the Cyber Crime Police Station to register an FIR.
