Former IPS officer’s wife duped of ₹2.58 crore in investment fraud

The woman of a erstwhile IPS serviceman was allegedly cheated of ₹2.58 crore successful an online concern fraud aft being lured with promises of precocious returns done banal marketplace trading successful Hyderabad.

The victim, a nonmigratory of MLA Colony successful Banjara Hills, received an unsolicited invitation connected an instant messaging exertion successful November past year, offering lucrative profits done investments successful the banal market.

Police said the messages appeared genuine, prompting the unfortunate to travel up with the individuals for a fewer days. As she was not acquainted with online trading platforms, she allegedly asked her hubby to articulation the radical connected her behalf, wherever fraudsters would ‘guide’ her successful banal marketplace investments.

Believing the assurances, the unfortunate allegedly transferred wealth successful aggregate transactions betwixt December 24 and January 5, investing a full of ₹2.58 crore. When she aboriginal attempted to retreat the amount, the fraudsters demanded further investments, claiming this was mandatory to unlock the withdrawal option.

Suspecting foul play, the pistillate realised she had been cheated and approached the cyber transgression helping of the Hyderabad police. A lawsuit has been registered and an probe has been launched to hint the fraudsters and retrieve the money.