Urologist Loses Rs 20 Lakh To Online Trading Fraud
After identifying the fraud, the victims approached the Cyberabad cybercrime police. A case has been registered and further investigation into the incident is underway: Reports
HYDERABAD: A city-based urologist was cheated of ₹20 lakh in a fake online investment scam.
In his complaint, the doctor, who works at a private hospital in Kondapur, stated that a woman approached him on Facebook in August 2025, offering to help promote his clinic online, as he was advertising his services through Google Business. The woman later introduced herself as a financial adviser associated with a firm named “CMC Global Cs” and allegedly convinced him to invest in online trading.
The complainant said the woman later asked him to chat on Telegram, assuring him of guidance for independent trading. He was informed that funds had to be transferred through third-party accounts, with Indian currency converted into US dollars after deducting exchange charges.
Believing her representations to be genuine, the doctor deposited money into the platform through individual third-party accounts, as instructed. Some of his professional colleagues were also reportedly induced to invest similarly. Over a period of nearly three months, the platform allegedly reflected regular profits in the trading accounts, making him grow confident about the platform’s legitimacy.
The complainant said suspicion arose after news reports and public advisories on online trading scams came to light, following which the group realised that the platform was fraudulent. Police said the trading activity was carried out through a website linked to the accused, who allegedly shared multiple login credentials.
After identifying the fraud, the victims approached the Cyberabad cybercrime police. A case has been registered and further investigation into the incident is underway.