WhatsApp Trading Scam: Hyderabad doctor loses Rs 1.91 crore
Cyber Crime
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Hyderabad: In yet another alarming case of cyber fraud, a 51-year-old doctor from Mehdipatnam has been cheated of Rs 1.91 crore by fraudsters posing as stock market investment advisers. The scammers lured the victim through WhatsApp groups that falsely promised high returns, using names of fake SEBI-registered brokers and fabricated trading platforms.
Also Read: Kerala Doctor loses Rs 4.43 crore in WhatsApp Trading fraud
According to the complaint filed with the Hyderabad cybercrime police on Monday, the doctor was added to two WhatsApp groups in June 2025—"A-677 Core Member Group" and "A-51 UTI Wealth Growth Group." The groups were allegedly run by fraudsters impersonating a SEBI-registered broker named Sanya Kapoor and a so-called investment mentor, Imtiyazur Rahman.
Over a period of two months, the doctor transferred significant sums—including ₹50 lakh as a “service fee” and ₹20 lakh as “taxes”—to multiple bank accounts. The trading app used by the scammers displayed a fictitious account balance of ₹9.86 crore to convince the victim of his profits.
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