Archive · 21 Nov 2025
Hyderabad Residents Lose Rs 7.50 Crore in Online Trading Scams
Three people in Hyderabad and Maharashtra were tricked into investing in fake online trading platforms.
They lost a total of Rs 7.50 crore.
The police are now investigating these cases.
A 70-year-old man from Thane, Maharashtra, lost Rs 6.44 crore in a share trading fraud
A 51-year-old software engineer from Hyderabad lost Rs 1.26 crore in an investment fraud
A 41-year-old MBA graduate from Hyderabad lost Rs 9.29 lakh in a 'pig-butchering' fraud
- Who
- A 70-year-old man from Thane, Maharashtra, a 51-year-old software engineer from Hyderabad, and a 41-year-old MBA graduate from Hyderabad
- What
- They were defrauded of a total of Rs 7.50 crore in online trading scams
- When
- The frauds occurred between September 2021 and November 2021
- Where
- Hyderabad and Thane
- Why
- The accused lured the victims with promises of high profits
Victims' Perspective
Fraudsters' Perspective
Luring Victims
Victims' Perspective
Victims were lured with promises of high profits
Fraudsters' Perspective
Fraudsters used social media and WhatsApp groups to target victims
- Total Amount Lost
- Rs 7.50 crore
- Number of Victims
- 3
- Fraud Types
- Share trading, investment, pig-butchering
Sources
Thane Man, 70, Loses Rs 6.44 Crore In Share Trading Fraud
MBA Graduate Loses Rs.9.29 Lakh in Pig-Butchering Fraud
Hyderabad Techie Loses Rs 1.26 Cr to Investment Fraud
Bhopal News: Retired Bank Manager Trapped In ‘Digital Arrest’, Loses ₹68 Lakh
Retired Army Colonel Duped Of Rs 56 Lakh In Digital Arrest Scam
Retired army colonel duped of Rs 56 lakh by fraudsters posing as Mumbai police
