Archive · 30 Jun 2025
Professor Loses Rs 2 Crore in WhatsApp Investment Scam
A retired professor was tricked out of a lot of money by fake investors on WhatsApp.
They got him to join a group that looked like it was for real investments.
They gave him a small profit at first to make him trust them.
Then, they got him to invest almost Rs 2 crore, but when he tried to get his money back, they asked for more fees and wouldn't let him.
It was a trick to steal his money, so he reported it to the police.
Retired professor lost nearly Rs 2 crore in a WhatsApp-based investment scam.
Scammers used a fake WhatsApp group and website mimicking a legitimate financial institution.
Initial small returns were given to build trust, followed by demands for large investments.
Withdrawal attempts were blocked, with demands for processing fees despite a large balance displayed.
The professor reported the cyber fraud to authorities after realizing the scam.
- Who
- Dr. M. Batmanabane Mounissamy, a retired professor, was the victim.
- What
- A retired professor lost nearly Rs 2 crore to a fake investment scheme orchestrated through WhatsApp.
- When
- Over a period of five weeks before the fraud was reported.
- Where
- Andhra Pradesh
- Why
- Scammers lured the professor to steal his money using a fake investment scheme.
Victim
Scammers
Investment Scheme
Victim
Professor Mounissamy believed he was making legitimate investments.
Scammers
Scammers created a fraudulent scheme to steal money from the professor.
- Victim
- Dr. M. Batmanabane Mounissamy
- Loss
- Nearly Rs 2 crore
- Platform
- Scam Name
- H-10 Nuvama Health Group
- Initial investment
- Rs 10,000
- Initial return
- Rs 13,000
- Withdrawal attempt
- Rs 5 crore (displayed falsely)