Mysore/Mysuru, May 25 -- A 53-year-old man from Gokulam lost more than Rs. 63 lakh to online fraudsters after falling prey to a fake investment scheme promoted through social media.

The victim, Mahesh (name changed), stated in his complaint that he came across an investment advertisement while browsing Instagram on Feb. 3. Soon, he received a call from a woman who introduced herself as Anvika Meher and gave him information on Kotak Securities.

According to the complaint, on Mar. 6, Anvika got a registration form filled out by Mahesh and sent a link to his WhatsApp through which a trading account was opened in his name.

On Mar. 10, Mahesh invested Rs. 1 lakh and subsequently received a call from a person claiming to be from customer car...