Surgeon Loses ₹2.30 Crore in Fake Trading Scam, Investment Fraud Case

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Hyderabad: A 49-year-old medical professional employed at a private healthcare facility in Bandlaguda Jagir has reportedly suffered a financial loss of ₹2.30 crore due to an online investment scam.

Incident Overview

Cybercriminals allegedly targeted the individual by enrolling them in a deceptive group that promised high returns through institutional investment schemes, block trading, and IPO allocations in the Indian stock market. The fraudsters initially permitted a small withdrawal of ₹50,000 to build trust before restricting access to larger sums.

Scam Structure

The incident reportedly began in July 2025 when the victim was added to a group named “Grow Invest Tech Pvt Ltd.j9” by an individual identifying as Abhilasha Bisht. This person allegedly claimed the group offered training in trading strategies. A separate figure, identified as Lalit Keshre, was presented as a market analyst overseeing the group.

Investment Process

The victim was then encouraged to invest in the stock market through an alleged institutional account, with the platform promoting opportunities in block trades, IPO allocations, and Qualified Institutional Buyer (QIB) transactions. The surgeon was instructed to establish a QIB account via a web-based trading interface. Group members allegedly provided assistance with the account setup and directed the victim to transfer funds to multiple bank accounts linked to purported customer support representatives.

Fraudulent Tactics

The platform purported to operate as a legitimate investment entity, showcasing screenshots of purported profits and successful withdrawals to reinforce credibility. The victim’s account initially reflected substantial gains, leading them to believe the investments were genuine. Upon attempting to withdraw ₹50,000, the victim received the funds, further solidifying their confidence. This encouraged additional investments. However, subsequent withdrawal requests for larger amounts were reportedly denied, delayed, or blocked.

Expert Analysis

According to Prof. Triveni Singh, a cybersecurity specialist and former IPS officer, such scams often employ a structured approach to build trust. Fraudsters may display fabricated profits and allow minor withdrawals to create a sense of legitimacy. Once victims invest significant sums, access to funds is restricted, and additional barriers are introduced to prevent retrieval.

Conclusion

The case underscores the growing prevalence of sophisticated financial fraud schemes leveraging digital platforms to exploit individuals through deceptive investment opportunities. A formal complaint was filed with the Cyberabad Cyber Crime police station.