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Man Loses ₹18.5 Lakh In Online Trading Scam

NIZAMABAD: A man from Machapur village in Yellareddy mandal of Kamareddy district was duped of Rs 18.50 lakh through an online business app scam.

According to sub-inspector Mahesh, the victim contacted a young woman on Facebook in November 2025. During their interaction, the woman talked about online trading and convinced him that he could make significant profits by following her guidance. Trusting him, the man initially invested ₹50,000 and later ₹30,000 in two installments through a business app he recommended.

After the initial investment, the woman informed him that she had made a profit of ₹5,000 in a day. Convinced by these claims, the man continued to deposit the money in multiple installments. When his total investment reached ₹18.50 lakh, the app showed a profit of ₹18 lakh.

However, when he tried to withdraw ₹65,000, the amount was not transferred to his account. When he contacted the woman, he assured her that the money would be transferred within 24 hours or advised her to contact customer service. When he contacted customer care, he was told that he could withdraw the amount only after making an additional payment of ₹ 22 lakh.

Realizing that he had been defrauded, the victim filed a complaint with the Cyber ​​Crimes Police. SI Mahesh said despite repeated awareness programs conducted by the police on online scams, such incidents continue as people fall victim to fake promises of high profits. A case has been registered and investigation is ongoing.

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