DRDO employee loses Rs 54 lakh in investment fraud in Hyderabad
HYDERABAD: An employee at the Defence Research and Development Organisation (DRDO) lost Rs 54 lakh in an investment fraud. Lured with promises of high returns, the 39-year-old transferred the amount to various bank accounts provided by fraudsters.
He told police that in May 2025, he was added to a WhatsApp group chat — ASBPL Start-Up Excellence Circle. The members claimed that a Kolkata-based firm, Abhinandan Brokerage Stock Company, had 39 members who regularly shared their profit reports and deposit receipts.
