Hyderabad: A Lanco Hills resident was duped of 85 lakh in an investment fraud. The case was reported to the Cyberabad cyber crime wing a few days ago and is under investigation.
According to police, in Aug, the 36-year-old woman working for a private firm came across an advertisement on Facebook offering tips and huge returns on investment stocks. When contacted, fraudsters informed the woman that market tips would be offered by Professor Jeewan Patwa, who is the chief investment officer of a trading firm, for free.
Later, they made her open a trading account on an app called ‘Anisha’, through which she would engage in block trading, IPO allotments, and other stock market activities. She initially transferred 50,000, and the same reflected in the Anisha account as profits on her investment. Encouraged by the profits, she started investing more. During this time, when she tried to withdraw her profits, the fraudsters asked her to pay a 15% profit commission, which came up to 21.62 lakh. She invested a total of 84.85 lakh, and her Anisha account displayed over 1.54 crore funds in her account.
Even as she claimed that she ran out of funds and pleaded to be allowed to withdraw her funds, the fraudsters harassed her for the profit commission. That’s when she realised that she was duped and lodged a complaint.
According to police, in Aug, the 36-year-old woman working for a private firm came across an advertisement on Facebook offering tips and huge returns on investment stocks. When contacted, fraudsters informed the woman that market tips would be offered by Professor Jeewan Patwa, who is the chief investment officer of a trading firm, for free.
Later, they made her open a trading account on an app called ‘Anisha’, through which she would engage in block trading, IPO allotments, and other stock market activities. She initially transferred 50,000, and the same reflected in the Anisha account as profits on her investment. Encouraged by the profits, she started investing more. During this time, when she tried to withdraw her profits, the fraudsters asked her to pay a 15% profit commission, which came up to 21.62 lakh. She invested a total of 84.85 lakh, and her Anisha account displayed over 1.54 crore funds in her account.
Even as she claimed that she ran out of funds and pleaded to be allowed to withdraw her funds, the fraudsters harassed her for the profit commission. That’s when she realised that she was duped and lodged a complaint.
