Retired professor loses Rs 3.26 crore in trading fraud in Hyderabad
HYDERABAD: A 74-year-old retired University of Hyderabad (UoH) professor from Hyderguda lost Rs 3.26 crore after investing in a fake trading platform.
On August 9, 2025, a woman identifying herself as Kalki Rishitha Reddy contacted him on Facebook, claiming to be a CEO in tea trading and an expert in trading and mining. On August 22, she introduced him to an investment and mining platform and shared a registration link. Claiming to have recovered Rs 7 crore in cryptocurrency losses, she persuaded him to invest and guided him through account creation using her reference number.
