Hyderabad businessman loses Rs 1.22 crore to online trading scam
HYDERABAD: A 32-year-old businessman from Humayunnagar lost 1.22 crore after investing in a fake investment platform.
Hyderabad Cybercrime police said that on January 9, he received a WhatsApp message from an unknown number claiming to offer institutional trading returns. He was added to a WhatsApp group and persuaded to invest through a shared link. Members posted screenshots of IPO allotments and profits.
