Hyderabad man duped of Rs 7 lakh

According to the police, the victim, Suresh of SR Nagar, had initially invested Rs 2 lakh in a company after coming to know about it through one of his friends.

Hyderabad: A man from the city lost Rs 7 lakh to cyber conmen who lured him into investing in the share market.

According to the police, the victim, Suresh of SR Nagar, had initially invested Rs 2 lakh in a company after coming to know about it through one of his friends. The company executives lured the man to invest more money assuring of high profits. Believing them, he invested Rs 5 lakh more, police said.

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When the company failed to give the promised profits and ignored his phone calls, the victim approached the Cybercrime police and lodged a complaint.

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