June 15, 2026
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    ITNewspapersThe New Indian Express

    Hyderabad govt employee loses Rs 2.22 crore in online trading scam via fake investment platform

    Binu Mathew
    By Binu Mathew6 hours ago

    HYDERABAD: A 55-year-old government employee from Sanathnagar lost Rs 2.22 crore after investing in a fraudulent online trading platform.

    According to his complaint to the Hyderabad cyber crime police, he came across a Facebook advertisement on March 30 purportedly promoting IIFL Capital Services and Direct Market Access (DMA) trading. He registered by providing his mobile number and email address.

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