Hyderabad man loses Rs 1.71 crore to investment scam on WhatsApp

HYDERABAD: A 32-year-old private employee from LB Nagar lost Rs 1.71 crore after investing on a fake investment platform. In November, the victim was added to a WhatsApp group that promised stock market tips. Members of the group suggested a trading application, claiming it would generate high profits.

Group members discussed trades and shared screenshots showing significant returns. Encouraged by these claims, the victim began trading through a link suggested by one of the members and started investing money on the platform.