Cyber Fraudsters Cheat Techie Of ₹51.40 Lakh
According to a complaint registered with Cyberabad Cyber Crime Police, the victim, a resident of Ameenpur, was added to a WhatsApp group in September 2025 by individuals posing as stock market experts.
HYDERABAD: A city‑based software professional was cheated of ₹51.40 lakh by cybercriminals who lured him into investing through a fake stock trading platform, promising lucrative returns via institutional trading and IPO allotments.
According to a complaint registered with Cyberabad Cyber Crime Police, the victim, a resident of Ameenpur, was added to a WhatsApp group in September 2025 by individuals posing as stock market experts. They introduced a trading application named RARCII, claiming it was linked to legitimate market operations and institutional accounts.
The complainant was persuaded to download the app and invest in schemes including block trades, upper‑circuit stocks and IPO subscriptions. The accused showcased large profits within the app and assured daily withdrawals, encouraging the victim to invest increasing amounts over several weeks. Between September and October 2025, he transferred money to multiple accounts provided by the suspects.
The application displayed virtual profits of more than ₹59 lakh, creating the impression that the investments were performing well. However, when the victim attempted to withdraw funds, the accused blocked transactions and demanded additional payments.
The complainant later discovered the platform was fraudulent and the profits fictitious. He approached regulatory authorities and lodged a complaint with Cyberabad Cyber Crime police.
Police registered a case under the Bharatiya Nyaya Sanhita and IT Act and launched an investigation.
