The Hyderabad Cybercrime Police warned citizens about a surge in online trading and investment scams. Fraudsters are cheating victims through fake trading platforms promising high returns. Officials urged the public to stay alert and report suspicious activity to 1930 or cybercrime.gov.in
A 63-year-old man in Hyderabad lost Rs 43 lakh after fraudsters tricked him with fake IPO allotments and trading profits via WhatsApp. They used fake dashboards and threats to extract money. A police case has been registered and investigation is ongoing
2022 was rather a challenging year. Russia’s invasion of Ukraine added to the economic woes triggered by Covid 19, disrupting supply chains and elevating inflation even more.
