Hyderabad, August 29: A 49 year old surgeon from Bandlaguda Jagir allegedly lost Rs 2.30 crore in a fake online trading platform scam.
The victim works at a private hospital, according to Cyberabad Cyber Crime police. The alleged fraud began in July 2025 after he joined a WhatsApp group.
The group was named “Grow Invest Tech Pvt Ltd.j9”. A woman who identified herself as Abhilasha Bisht allegedly added the surgeon to the group.
She reportedly claimed that the group helped members develop stock trading skills. She also introduced Lalit Keshre as a market analyst.
The group allegedly promoted investment opportunities in the Indian stock market. These included block trading, IPO allocations and institutional investments.
The victim was later allegedly asked to create a Qualified Institutional Buyer account. He reportedly created the account through a web based trading platform with assistance from the group.
He then received instructions to transfer money to several beneficiary bank accounts. The alleged customer support personnel reportedly provided those account details.
Fake Profits Led Surgeon to Invest More
The WhatsApp group allegedly presented itself as a professional investment platform. Members reportedly shared screenshots showing large profits and successful withdrawals.
These posts allegedly helped create confidence among participants. The victim also saw substantial profits reflected in his trading account.
Police said the victim initially managed to withdraw Rs 50,000. This withdrawal allegedly reinforced his belief that the platform was genuine.
However, problems began when he attempted to withdraw larger amounts. His withdrawal requests were allegedly rejected, blocked or delayed.
The victim subsequently realised that the trading account and displayed profits did not represent genuine investments. According to his complaint, he had lost Rs 2,30,98,146.
The surgeon then approached Cyberabad Cyber Crime police and lodged a complaint.
Based on his complaint, police registered a case and began an investigation. Investigators are examining the bank accounts that received the money and the people allegedly connected with the online platform.
The case highlights the risks of investment scams that use social media groups and fake trading interfaces. Fraudsters often create an appearance of genuine investment activity through fabricated profits and controlled withdrawals.
However, investors should independently verify trading platforms, companies and payment requests before transferring funds. Unverified investment groups that promise institutional trading access or unusually high returns can carry significant fraud risks.
The Cyberabad Cyber Crime police investigation is continuing. Further details about the suspects, money trail and recovery efforts are awaited.
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