Hyderabad: Cyber fraudsters are targeting people daily with fake business links, trading apps, and investment schemes on social media, promising hefty returns and draining victims of lakhs.
In Tirupati, a private employee lost ₹34 lakh after falling for a WhatsApp call promising investment opportunities in trading. Scammers showed him fake returns of ₹1.5 crore and persuaded him to invest. Later, they demanded another ₹28 lakh for withdrawal, raising his suspicions. The victim then called the cyber helpline 1930 and lodged a complaint with the Tirupati Rural police. A case was registered, and an investigation is ongoing.
In another case, Hyderabad Cyber Crime police arrested two persons from Gujarat — Devaraj Bai Ramani and Gondaliya Hardik Kumar — for cheating a private employee of ₹67.6 lakh through a fake stock trading WhatsApp group. The duo claimed to provide investment tips and lured the victim into repeated payments. Following a complaint, police arrested them on July 4 and sent them to judicial remand.
Police said cyber scams are proliferating under various guises, from jobs to investment and trading, leaving people at risk of massive losses. Officers urged the public to verify schemes thoroughly and avoid clicking unverified links.
