69-Yr-Old Bizman Duped Of Rs 2.65 Crore In Fake Stocks
Hyderabad: A 69-year-old businessman lost R2.65 million after fraudsters persuaded him to invest in online firms that were later found to be fake.
A case has been registered by Hyderabad Cyber Crime Police.
The complainant, a resident of Somajiguda, stated that he contacted a woman named Ramya Krishnan through the social media platform and gradually developed friendly ties with her. The woman shared that she is trading ‘Polyus Finance (PFP Gold)’ and has invested 50 lakh rupees so far. He also told her that he was getting good returns.
“He asked the victim to invest in his future projects related to resorts in Kerala and Hyderabad and his clothing business. Believing him, he started transferring money to bank accounts provided by the woman. Later, the woman also asked the victim to withdraw $50 to gain her trust,” police said, quoting the complainant.
After gaining trust, the victim was asked to invest more to earn more profit. He transferred large sums of money to different bank accounts provided by the woman. The victim tried to withdraw the money after transferring ₹2.65 crore in stages. However, his account on the App was blocked and his withdrawal was rejected. When he called the woman, her mobile phone was turned off.
A stranger then called the victim and told him to pay more money as a fee to gain access to the control panel to withdraw money. Feeling that it was a scam, the victim approached the Hyderabad Cyber Crime Police, which collected the victim’s bank statements and registered criminal cases against unknown persons.
