Physiotherapist loses Rs 30 lakh in stock investment fraud

He later realised that the investment platform was fake and subsequently approached the cybercrime police and lodged a formal complaint.

According to Deccan Chronicle, Khammam Police Commissioner Sunil Dutt said the accused had sent the doctor a WhatsApp link, claiming it was connected to a legitimate share trading portal. Believing this, the doctor invested nearly Rs 30 lakh through the link. However, police later found that the platform was fraudulent.

Following the investigation, Khammam cybercrime police arrested the accused in connection with the case. Further inquiries are underway to determine whether others were targeted using a similar modus operandi. 

This is not an isolated incident. Cyber and investment fraud are on the rise throughout the country.

Medical Dialogues had earlier reported a similar crime of digital fraud. A young woman doctor was allegedly defrauded of Rs 2.09 lakh by cybercriminals who impersonated bank officials and claimed they needed to update her credit card details. A case has been registered at Baner Police Station against unidentified perpetrators.

According to police, the complainant, who works at a private hospital in Aundh, received a call on her mobile phone from individuals pretending to be officials of a Mumbai-based private bank. The callers informed her that a credit card update process was underway and requested her cooperation.