PSU employee loses ₹2.22 crore in fake investment scam
A public sector employee in Hyderabad lost over ₹2 crore to an online investment scam promoted via social media. The fraudsters used fake applications to simulate profits before demanding additional fees for withdrawals.
Why it matters
The incident highlights the growing sophistication of cyber-enabled financial fraud and the risks associated with unregulated online investment platforms.
A PSU employee from Sanathnagar lost ₹2.22 crore to cyber fraudsters after being drawn into a fake online investment scheme that was promoted through advertisements on social media platforms. The Hyderabad cyber crimes police booked a case.
The report is a factual account of a criminal investigation.
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