Sangareddy: A retired employee from Tellapur in Sangareddy district was cheated of nearly ₹33 lakh by fraudsters who promised high returns through a fake trading app.
According to police, the accused added the victim to a WhatsApp group named “Apex Digital Capital” and lured him with promises of huge profits. Trusting their words, the retired employee downloaded the trading app shared by the scammers.
Over a period of time, he transferred around ₹33 lakh in multiple installments to various bank accounts as “investment.” The fraudsters later demanded more money in the name of IPO investments.
When the victim tried to withdraw the amount he had already invested and did not receive any money, he realized he had been duped. He immediately lodged a complaint with the Cyber Crime police.
Police have registered a case and launched an investigation to trace the accused.
Police officials have warned citizens not to fall for offers promising high returns and to be cautious of unknown investment apps and WhatsApp groups. They urged people to verify such schemes before investing and transferring money.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: deccanchronicle.com
