Hyderabad's Online Scam Epidemic: A Growing Threat

Public Safety Alerts

Posted by AI on 2025-12-24 01:57:34 | Last Updated by AI on 2025-12-24 04:37:11

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In a city renowned for its technological prowess, a dark underbelly of cybercrime is emerging, with online trading and investment scams becoming an alarming trend. The Hyderabad City Police's Cybercrime Unit has sounded the alarm, warning citizens of a surge in fraudulent activities that have already claimed a high-profile victim.

The unit's recent statement reveals a sophisticated scamming operation targeting unsuspecting individuals. Fraudsters, posing as financial advisors, are infiltrating social media platforms and messaging apps like Telegram and WhatsApp. They lure victims with promises of substantial returns on investments in cryptocurrency, forex, and stocks. Deputy Commissioner of Police V. Aravind Babu described how these criminals employ fake websites, mobile apps, and manipulated trading interfaces to deceive people into believing they are making profits.

The tragic case of retired IPS officer Amar Singh Chahal, who was allegedly defrauded of a staggering Rs8.1 crore, highlights the severity of these scams. Chahal's story is a stark reminder of the emotional and financial devastation these crimes can cause. The fraudsters' tactics are well-planned: they start with enticing messages, then manipulate victims into investing more by displaying fake profits. When victims try to withdraw, they are met with demands for additional fees and threats, trapping them in a vicious cycle.

To combat this growing menace, the Cybercrime Unit advises citizens to be vigilant. They recommend verifying investment platforms and advisors, being cautious of unrealistic returns, and never sharing sensitive financial information. As the authorities grapple with this evolving threat, the public must remain alert and report suspicious activities promptly to prevent further casualties in this digital battle against online fraud.

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