A 26-year-old student from Srinagar Colony, Hyderabad, has tragically lost a staggering ₹27.55 lakh after becoming ensnared in a sophisticated online investment fraud. Lured by the enticing promises of a man posing as a financial advisor, who guaranteed impossibly high returns, the student unknowingly handed over his savings. The Hyderabad cybercrime police have since registered a case to investigate this alarming incident.
The fraud began when an individual named Sachin, reportedly from Bangalore, reached out to the victim via WhatsApp. Sachin presented himself as a trustworthy financial expert, pitching short-term investment opportunities that he claimed offered assured profits with absolutely no risk. Believing these deceptive assurances, the student desperately gathered funds by borrowing from friends and acquaintances, eager to participate in what seemed like a lucrative venture.
Acting on Sachin’s detailed instructions, the student proceeded to deposit a total of ₹27,55,600 into various bank accounts. However, the anticipated returns never materialized. Soon after the significant sum was transferred, Sachin abruptly ceased all communication, ignoring calls and messages, leaving the student in a devastating financial predicament.
The Hyderabad Cybercrime Police department highlights this case as a stark reminder of how cunning fraudsters manipulate public trust and financial desperation by dangling the bait of unrealistic, guaranteed profits. In response, officials have issued a critical advisory, urging everyone to maintain extreme vigilance and refrain from sharing any personal or financial details with unknown individuals or entities encountered online.
A cybercrime officer emphasized a crucial point: “No legitimate financial advisor or reputable company can ever guarantee investment returns without inherent risks.” They strongly cautioned potential investors to thoroughly verify the credentials of any financial entity or individual before committing funds. Furthermore, the public is advised to exercise skepticism towards any scheme that sounds “too good to be true,” as it often is.
Authorities are urging citizens who suspect they have been targeted by cyber fraud to report it immediately. You can contact the national 1930 Cyber Helpline or utilize the official cybercrime portal. For urgent assistance, victims can also reach out via call or WhatsApp on the dedicated number 8712665171.