Fake IPO Scam: Man Who Lured Victim into Investing Rs.50 Lakh Arrested

After investing Rs.2 lakh and being allowed to withdraw small profits initially, the victim was persuaded to invest larger sums on the promise of higher returns. Once the victim deposited substantial amounts, he was asked to invest more money to “close” the IPO subscription.

Update: 2026-01-06 19:00 GMT
The arrest was based on a complaint by a city resident who said he had been cheated of ₹49.9 lakh in online trading scam. (Representational Image: DC)

Hyderabad: City cybercrime police arrested Mohammed Ashfaq for alleged involvement in 29 cyber offences across the country on Tuesday. The arrest was based on a complaint by a city resident who said he had been cheated of ₹49.9 lakh in online trading scam.

According to police, the victim received a WhatsApp message from a woman identifying herself as Meena Bhat claiming to represent a MNC financial services firm. He was subsequently added to a WhatsApp group of the same name and provided with a link to an internal portal for stock trading.

After investing ₹2 lakh and being allowed to withdraw small profits initially, the victim was persuaded to invest larger sums on the promise of higher returns. Once the victim deposited substantial amounts, he was asked to invest more money to “close” the IPO subscription.

When the victim refused, he was blocked from the group and removed from contact lists, police said.

Man Claiming Ex-OSD to Abdul Kalam Dupes Job Aspirant in Hyderabad

Hyderabad: A Group I aspirant was duped of Rs.6 lakh by a person claiming to be a former officer of special duty (OSD) for a former President of India, and promised to provide him a government job. He took Rs.6 lakh from the aspirant and allegedly cheated him. The aspirant lodged a complaint with the Banjara Hills police.

Voruganti Abhiram of Kothapet was preparing for the Group-I and Group-II examinations since 2018. In September 2022, he met Syed Hyder Hussain in connection with land-related issues and other work.

Hussain showed Abhiram pictures of himself with the former president, claimed he had connections in Delhi with politicians could get the victim a government job. After collecting the money from 2022, Hussain began avoiding Abhiram.

Fake Bank Call: Hyderabad Man Loses ₹16.67 Lakh in Credit Card Fraud

Hyderabad: A 57-year-old hotel store in-charge fell victim to a credit card fraud, losing Rs.16.67 lakh after fraudsters posed as bank officials and conducted a fake KYC verification through a video call. The incident began on December 11, 2025, when the complainant received a voice call from an unknown number claiming to be from a bank regarding a credit card application.

As the complainant had earlier applied for a credit card, he believed the call to be genuine and confirmed his details. About an hour later, a video call was initiated, during which the caller claimed that the credit card had been approved and asked for KYC documents. Trusting the process, the complainant shared copies of his PAN card and Aadhaar card.

The fraudster then sent a link and instructed him to open it. When he did so, his mobile phone screen turned blank. He immediately disconnected the call. He then discovered unauthorised transactions amounting to Rs.16,67,706.

Job Fraud: Imposter Dupes Retired Man of ₹7.3 Lakh; Medipally Police Book Case

Hyderabad: Medipally police registered a case of cheating and criminal breach of trust following a complaint by a 64-year-old retired private employee from Chengicherla, who was cheated of Rs.7.32 lakhs on the pretext of securing a government job for his son. The accused, Kathera Madhu, contacted the complainant’s elder son in September 2025 and falsely introduced himself as a superintendent at IIT Hyderabad. He allegedly assured that he could secure a job at an oil company for Rs.10 lakh. The complainant transferred Rs.7,32,400 between September 16 and October 12. After receiving the money, the accused switched off.

Sextortion Case: Police Hunt for Suspect Harassing Warangal Youth

Warangal: A 21-year-old from Ramannapet colony in Warangal fell victim to cyber-blackmailing after an unidentified person threatened to leak his private photos and videos. Mattewada circle inspector Karunakar said the victim approached the police officials after the extortionist continued to money despite an initial payment.

The victim was contacted by an unknown person who sent him his personal photos and videos as a threat. To keep matters quiet, the victim transferred Rs.5,000. The caller intensified the threats and demanded additional funds. The victim then reported the incident via the National Cyber Crime Helpline 1930. Local police registered a formal case and have initiated a technical investigation to track the digital footprint of the suspect.

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