PSU employee loses ₹2.22 crore in fake investment scam

A PSU worker from Sanathnagar mislaid ₹2.22 crore to cyber fraudsters aft being drawn into a fake online concern strategy that was promoted done advertisements connected societal media platforms. The Hyderabad cyber crimes constabulary booked a case.

According to an serviceman from the wing, the unfortunate came crossed Facebook advertisements promising charismatic returns done concern opportunities. After helium showed interest, fraudsters contacted him and persuaded him to articulation purported concern platforms. They besides added him to aggregate WhatsApp groups that appeared to beryllium operated by fiscal consultants and banal marketplace analysts.

The fraudsters gradually gained his assurance and convinced him to put wealth successful phases. Trusting the legitimacy of the scheme, the unfortunate transferred a full of ₹2.22 crore to respective slope accounts provided by the accused.

To support the deception, the scammers displayed a equilibrium of astir ₹3.1 crore connected a fake concern application, starring the unfortunate to judge that his investments had yielded important profits.

However, erstwhile helium attempted to retreat the amount, the fraudsters demanded further payments nether the pretext of taxes, processing charges and different fees. Realising that helium had been cheated, the unfortunate approached the police, who registered a lawsuit and initiated an investigation.