Hyderabad doctor loses Rs 86 lakh after falling for WhatsApp investment scam
Hyderabad: A 76-year-old Hyderabad-based doctor allegedly lost Rs 86 lakh to cyber fraudsters who lured him into a fake investment scheme by misusing the name of Union Finance Minister Nirmala Sitharaman in a social media advertisement.
According to the complaint, the doctor came across an online advertisement in March that promised unusually high weekly returns on investments. Soon after, he was contacted on WhatsApp by a man claiming to represent an investment firm, who allegedly persuaded him to register by paying a fee and opening a Demat account.
Police said the victim was allegedly persuaded to trust the investment platform through promises of exceptionally high returns and was guided step-by-step to make multiple transactions. Investigators believe the fraudsters gained his confidence over time, encouraging him to increase his investments before preventing him from withdrawing the money and demanding additional payments under various pretexts.
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