Sat Aug 30 19:22:54 UTC 2025: Here’s a summary of the provided text, followed by a news article rewritten from it:

**Summary:**

The Cyber Crime Wing of the Greater Chennai Police has issued a warning about a rise in online investment scams where fraudsters are impersonating legitimate financial institutions, specifically mentioning IIFL Capital Ltd. These scams often lure victims through social media ads, WhatsApp groups, and false promises of high returns. The police advise people to be cautious, especially if asked to deposit money into third-party accounts without proper documentation, and to report any suspected fraud to the Cyber Crime Helpline Number 1930 or the official website.

**News Article:**

**Chennai Police Warns of Investment Scams Impersonating Reputable Firms**

**CHENNAI, August 31, 2025** – The Cyber Crime Wing of the Greater Chennai Police has issued an urgent advisory warning residents about a surge in online investment scams. These scams involve fraudsters falsely using the names of well-known financial institutions, including IIFL Capital Ltd., to deceive unsuspecting individuals.

Police reports indicate that victims are being targeted through social media advertisements and then added to WhatsApp groups under the guise of IIFL Capital Ltd. They are subsequently pressured into transferring money with enticing, yet fraudulent, promises of high profits.

“The fraudsters often allow victims to withdraw small initial amounts to gain their trust,” explained a police officer. “However, once larger sums are deposited, they are coerced into investing even more to ‘unlock’ their funds.”

A key red flag, according to the police, is that victims are invariably instructed to transfer money to third-party bank accounts unrelated to the legitimate financial institution. Crucially, no official receipts or contract notes mandated by SEBI are issued. The investment applications being used are also confirmed to be fake.

The Cyber Crime Wing urges the public to exercise extreme caution when approached with online investment opportunities, particularly those promising unusually high returns. They advise verifying the legitimacy of any financial institution before investing and avoiding any requests to transfer funds to unfamiliar accounts.

Anyone who believes they may have been a victim of online financial fraud is urged to contact the Cyber Crime Helpline Number 1930 immediately or register a complaint at http://www.cybercrime.gov.in. The police emphasize the importance of reporting suspected scams promptly to assist in the investigation and prevent further victimization.

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