Student loses ₹27.55 lakh in online investment fraud

8 months ago 3
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A 26-year-old pupil from Srinagar Colony, Hyderabad, was defrauded of ₹27.55 lakh successful an concern scam aft falling for mendacious promises of guaranteed precocious returns made by a antheral posing arsenic a fiscal advisor. The Hyderabad cyber crimes constabulary booked a case.

An serviceman from the helping said that 1 Sachin from Bangalore contacted the unfortunate done WhatsApp. “Presenting himself arsenic a credible advisor, Sachin offered short-term concern opportunities with assured profits and nary risks. Convinced by these claims, the pupil raised wealth by borrowing from friends and acquaintances,” said the officer.

Following the suspect’s instructions, helium deposited ₹27,55,600 successful currency into antithetic slope accounts. However, erstwhile the wealth was transferred, the promised returns ne'er arrived, and Sachin stopped responding to calls and messages.

The Hyderabad Cybercrime Police said the lawsuit is simply a reminder of however fraudsters exploit spot and desperation by guaranteeing unrealistic profits. Officials person issued an advisory urging the nationalist to stay alert and debar sharing idiosyncratic oregon fiscal accusation with strangers online.

“No genuine fiscal advisor oregon institution tin warrant returns without risks,” the serviceman added, cautioning radical to verify credentials earlier investing. They besides warned the nationalist to beryllium suspicious of schemes that look excessively bully to beryllium true.

Authorities advised citizens to study cyber frauds instantly to the 1930 Cyber Helpline oregon done the nationalist cybercrime portal www.cybercrime.gov.in. For urgent assistance, victims tin besides telephone oregon WhatsApp 8712665171.

Published - September 20, 2025 07:29 p.m. IST

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