Over a period of 60 days, the doctor reportedly transferred Rs 4.7 crore to the fraudsters through 46 online transactions and six cash deposits, with the money routed to 24 different current accounts. Out of the total amount, the doctor managed to withdraw only Rs 1 lakh before the fraudsters blocked further withdrawals.
Also read- Fake Trading App Scam: Delhi doctor loses Rs 22.7 lakh, 2 arrested
As per the TOI news report, the incident came to light after the doctor approached the Telangana Cyber Security Bureau (TGCSB) police, alleging that he was trapped by fraudsters who contacted him through Telegram, posing as stock market experts, on August 8, 2025. The accused convinced him to invest money in a fake trading platform by assuring profits if he traded two days a week.
The account that approached him was named ‘H_Hantec_Markets_CS'. It was being operated by a fraudster named Sunil, who promised huge returns if the doctor traded every Monday and Friday on their platform.
At first, the doctor made a transfer of Rs 50,000 on August 15 to a Bandhan Bank account in the name of ‘MS Kalyani Mahila Gramin Bigar.' When his trading dashboard displayed a 5% profit, fraudsters urged him to increase his investment.
Following this, he traded for two months and lost Rs 4.7 crore. The accounts in which he deposited the amount were in the name of logistics, travels, dairy, garments companies and different traders. Out of the total amount, the doctor managed to withdraw only Rs 1 lakh. Later, the fraudsters blocked further withdrawals on Nov 17, 2025 and demanded additional payment under the pretext of taxes.
After realising that he was duped, the doctor filed an online complaint on Jan 5 with the National Cyber Crime Reporting Portal and produced detailed bank records for TGCSB investigators on Jan 6.
Based on the doctor's complaint, TGCSB headquarters team registered a case under Section 66-D (Punishment for cheating by personation by using computer resource) of the Information Technology Act and Sections 318(4) (cheating and dishonestly inducing delivery of property), 319(2) (cheating by personation) and 338 (Forgery of valuable security, will, etc.) of the Bharatiya Nyaya Sanhita (BNS). An investigation in this regard is underway.
Also read- Doctor blackmailed over nude video, loses nearly Rs 3 lakh
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