Man loses Rs 27 lakh due to Investment Scam in Hyderabad

Man losted Rs 27 lakh due to cyber fraud in Hyderabad on Monday, August 11. The victim was lured on the pretext of high returns on investment.

The victim who lives near Charminar booked a complaint with Hyderabad police stating that he was approached by the cyber fraudster through the Telegram app. The fraudster offered huge profits through



investments in various schemes.

According to the Hyderabad cyber crime police, initially the victim on his investments was paid small amounts as profits. Later, he was conned into investing in different schemes. The man transferred Rs. 27 lakh to different accounts and got duped.

A case of cyber crime was registered under section 318