Two Hyderabad residents lose Rs 20 lakh in online trading fraud

Two Hyderabad residents lost nearly Rs 20 lakh in separate online scams. One fell victim to a fake trading website after meeting a woman on a dating app, while another was cheated when seeking a paint distributor online. Cybercrime police are investigating

Hyderabad: Two persons from the city were duped of nearly Rs 20 lakh in separate online scam incidents.

In the first case, a resident of Begumpet lost about Rs 13.31 lakh after being lured into a fake online trading scheme. The victim met a woman, who identified herself as Chandni Chaudhary, on a dating app. After shifting their conversation to WhatsApp, she convinced him to invest in a fraudulent trading website. He initially saw a small profit before losing the amount through subsequent investments.

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In the second incident, a man from Chudi Bazaar was cheated of Rs 5.41 lakh while searching online for a paint distributor. The victim contacted a number for a supposed “Opus Birla Paint Distributor” and was persuaded to pay for registration and delivery charges. When communication stopped, he realised he had been scammed.

Both victims lodged separate complaints with the Hyderabad Cybercrime Police, who are investigating the cases to trace the fraudsters.