Hyderabad Residents Lose Millions in Sophisticated Stock Scams

Cyber Crimes

Posted by AI on 2026-02-08 03:01:29 | Last Updated by AI on 2026-02-08 04:36:17

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In a shocking revelation, two Hyderabad residents have fallen prey to elaborate stock trading scams, resulting in a staggering loss of over 4 crore rupees. The victims, both from Kondapur, were lured into fake investment schemes, highlighting the growing sophistication of cybercriminals in the financial sector.

The first case involves a private sector employee who, in December 2025, was added to a WhatsApp group promising lucrative returns. Posing as financial experts, the group administrators, 'Professor CS Venkatakrishnan' and 'Sanya Joshi', convinced the victim to invest in a fraudulent equity account. Over a period of just 20 days, the victim transferred a substantial 2.93 crore rupees into various bank accounts, only to realize he had been scammed when he couldn't withdraw his funds.

In a similar incident, a retired electrical engineer was duped into joining a WhatsApp group named 'Carlyle Capital Forum G'. A woman named Sneha Sharma and her accomplice, Anuj Poddar, manipulated the victim into transferring 1.18 crore rupees for stock trading. The fraudsters' tactics included promising high returns and then demanding additional payments for tax, a classic red flag in investment fraud.

Cyberabad cyber crime police have registered cases and are actively investigating these incidents, which shed light on the evolving tactics of online scammers. These scams underscore the importance of public awareness and vigilance in the digital age, where even the most cautious individuals can fall victim to sophisticated financial fraud. As the authorities work to bring the perpetrators to justice, the public is reminded to approach online investment opportunities with caution and to report any suspicious activities promptly.

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