Hyderabad businessman duped of Rs 73 Lakh by cyber fraudsters

Hyderabad: A city-based businessman was duped of Rs. 73 lakh by cyber fraudsters on the pretext of investment in crypto currency trade. According to the police, the man, a resident of Kavadiguda, got a message on Telegram app to join a group. When he did so, he began getting messages on investments in crypto currency. […]

Hyderabad: A city-based businessman was duped of Rs. 73 lakh by cyber fraudsters on the pretext of investment in crypto currency trade.

According to the police, the man, a resident of Kavadiguda, got a message on Telegram app to join a group. When he did so, he began getting messages on investments in crypto currency. He then contacted the alleged fraudsters who asked him to download an application from Google’s Play Store and sent a link. The victim downloaded the application and created his account, and transferred around Rs.73 lakh to the bank accounts as directed by the conmnn over a period of 20 days.

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“After making initial investments, the conman told him his profits were around Rs.30 crore and lured him into investing more money. After exhausting all his money, he realised he was cheated and approached the police, officials said.

 

 

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