Instagram Scams Lure Doctors into ₹2 Crore Investment Frauds

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Cybercrime Victims: Two Hyderabad Doctors Lose Over ₹2 Crore in Online Investment Scam

The recent trend of online investment scams has claimed two new victims in Hyderabad, with two doctors falling prey to a sophisticated online investment fraud scheme.

Fraudulent Trading Platforms Promoted Via Instagram Advertisements and Messages

The scammers employed a structured approach, showcasing inflated profits, blocking withdrawals, and demanding additional payments under the guise of taxes and fees. The first victim, a resident of AC Guards, Nampally, was contacted by a woman identifying herself as “Pratima Bansal” after coming across an Instagram ad promising high returns on online trading investments.

According to the police report, the victim transferred more than ₹1.76 crore into the fraudulent system, displaying an apparent balance of nearly ₹14 crore in his account. However, this figure was entirely fictitious.

The second victim, from Asifnagar, was also targeted using the same modus operandi. He was induced to invest ₹28.54 lakh after being shown consistent fake profits on a parallel trading interface.

Preliminary Investigation Suggests Wider Interstate or International Cyber Fraud Network

The preliminary investigation suggests that the scam may involve operators based outside Telangana as well, indicating a wider interstate or even international cyber fraud network. The Hyderabad Cybercrime Police have launched an investigation into both cases and are working with financial institutions to track the flow of money and attempt recovery where possible.

Authorities Urge Caution While Investing in Online Schemes Promoted Through Social Media Advertisements or Unsolicited Messages

They emphasize that guaranteed high returns, especially those exceeding normal market rates, are often a major red flag. Citizens are advised to exercise caution and thoroughly research any online investment opportunity before committing funds.

Takeaways:
Two Hyderabad doctors have lost over ₹2 crore in an online investment scam.
The scammers used Instagram advertisements and messages to promote fake trading platforms.
The victims were initially shown inflated profits, but were later blocked from withdrawing their funds.
The preliminary investigation suggests a wider interstate or international cyber fraud network.
Authorities urge caution when investing in online schemes promoted through social media advertisements or unsolicited messages.