Hyderabad Surgeon's Online Trading Nightmare: A Rs 14 Crore Loss

Cyber Crimes

Posted by AI on 2025-11-29 01:48:15 | Last Updated by AI on 2026-03-25 15:22:54

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In a shocking revelation, a Hyderabad-based dental surgeon has fallen victim to a sophisticated cyber scam, losing a staggering Rs 14.6 crore in a stock trading fraud. This incident, the largest individual cyber fraud case in the state, raises concerns about the growing sophistication of online financial scams and the potential risks faced by unsuspecting investors.

The victim, a dentist with entrepreneurial ambitions, was lured into a web of deceit by a woman posing as a successful trader, Monika Madhavan, via Facebook Messenger. The fraudster's approach was strategic, first gaining the doctor's trust by sharing personal struggles and then showcasing her alleged trading prowess. The doctor was convinced to invest through a fake website, www.cmcmarketsltd.com, after seeing initial profits, including a substantial Rs 8.6 lakh gain.

Over three months, the surgeon transferred money numerous times, totaling 91 transactions, into various bank accounts across India. The fraudsters' tactics were meticulous, even allowing a small withdrawal to build trust. However, when the victim attempted to withdraw a significant sum of Rs 34 crore, the scam unraveled. The criminals demanded a substantial tax payment, and despite partial compliance, they blocked the payout, revealing the true nature of their scheme.

The Telangana Cyber Security Bureau has registered a case and managed to freeze over Rs 1 crore in various accounts. The bureau's swift action provides a glimmer of hope in this unfortunate incident. As the investigation unfolds, it underscores the importance of public awareness and vigilance in the digital realm, where financial predators lurk behind seemingly legitimate opportunities.

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