A Kolkata-based businessman reportedly lost ₹4 crore after falling victim to a honey trap on social media. According to police, the victim was befriended by a woman online, who gradually gained his trust before coercing him into compromising situations. The fraudsters then used blackmail tactics, threatening to leak personal photos and videos unless he paid up. Over time, he transferred multiple installments totaling around ₹4 crore. Once the extortion escalated, the businessman approached the authorities. Investigators suspect an organized cybercrime gang operating behind the trap, with probes underway to track the perpetrators and prevent further such scams.