Overview
- The 65-year-old victim from Miyapur was added on November 4 to a WhatsApp group titled 531 DBS Stock Profit Growth Wealth Group.
- He was persuaded to install a DBS-branded trading app hosted on the domain ggtkss.cc that promised access to block trades and premium IPOs.
- An initial deposit of ₹1 lakh was followed by a permitted ₹5,000 withdrawal that created a false sense of legitimacy.
- From November 4 to December 5, he transferred roughly ₹1.28 crore via bank and UPI transactions for supposed IPO and share repurchase opportunities.
- When he sought to withdraw funds, operators demanded a 20% fee and then blocked his account, prompting a police case under multiple Bharatiya Nyaya Sanhita sections and IT Act Section 66-D, with authorities urging platform verification and prompt reporting.