hyderabad
Hyderabad man loses Rs. 1.1 lakh to fraudulent investment offer on Instagram
A 25-year-old Hyderabad analyst lost ₹1,10,000 to a cyber fraud scheme. He was lured by a fake Instagram account claiming to host an expo in Hyderabad. The fraudster initially promised high returns but later delayed the event and then failed to deliver the promised profits. Multiple investors were targeted with the same tactic, leading to significant financial loss and emotional distress. Authorities are advising the public to be wary of investment opportunities on social media and to only use SEBI-approved apps for investments.05:37 PM Mar 10, 2025 IST