Two Hyderabad residents lose over Rs 49 lakh in investment scams
HYDERABAD: In two separate incidents, residents lost more than Rs 49 lakh in online investment frauds.
In the first case, a 57-year-old man from Himayathnagar was duped of Rs 6.32 lakh by an online platform, NFM Capital Markets. An agent named Amrutha Reddy, who contacted him via Facebook and WhatsApp, lured him into investing in ‘US Gold Stocks’ using a fake trading dashboard showing fabricated profits.
