Cyber fraudsters dupe elderly man of Rs 45 lakh in Hyderabad

72-year-old agriculturist from IS Sadan in Saidabad received a friend request on Facebook on the name of a woman and he accepted the request

Hyderabad: Cyber fraudsters duped an elderly man to the tune of Rs 45 lakh on pretext of stock investments.

The 72-year-old agriculturist from IS Sadan in Saidabad received a friend request on Facebook on the name of a woman and he accepted the request.

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As per available information, the complainant started chatting with the unidentified person on the other side on Facebook. Subsequently, the fraudster shared about an offer regarding investments in online trading and making good returns.

The complainant initially sent 500 US dollars as investment in the online trading. Claiming to be profit, she sent about 4,500 US Dollars to him to gain his trust.

Further, trusting the fraudster, the victim sent a total of Rs 45.7 lakh in several installments. When, he asked for his returns after a few months, the fraudster stopped responding and absconded.

Based on a complaint, the Hyderabad Cybercrime police have booked a case and took up investigation. Efforts are on to identify and nab the cyber fraudster.