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    ITNewspapersThe New Indian Express

    Telangana businessman sees quick profit, loses Rs 4.8 crore

    Binu Mathew
    By Binu MathewAugust 27, 2025

    HYDERABAD: A 55-year-old real estate businessman was cheated of Rs 4.87 crore in an investment fraud.

    In his complaint to the Telangana Cyber Security Bureau (TGCSB), he said a woman named Mounica contacted him on WhatsApp about a plot in Hyderabad and introduced him to a trading website. After a demo, he invested Rs 50,000 and received 24% profit.

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