The cyber crimes police of Hyderabad booked a case after a 63-year-old retired worker from Nallakunta was cheated of ₹29.50 lakh to fraudsters posing as representatives of an funding firm. They lured him into downloading a faux buying and selling utility, stated an officer.
Investigators stated the sufferer was added in early November to a WhatsApp group named ‘163 Gate Strategy to the Future’ by a lady figuring out herself as Divya Mehra. “She claimed to signify India Nivesh Shares & Securities Ltd. She satisfied him to share his financial institution and PAN particulars and set up a fraudulent buying and selling app referred to as NivPro, allegedly used for shares, OTC trades and IPOs,” stated the officer.
Following her directions, he transferred cash from his and his spouse’s checking account, believing he was making investments. The suspect allegedly confirmed him manipulated revenue figures on the app and pushed him to take a position extra, together with insisting that he purchase an IPO of Excelsoft Applied sciences. When he refused, his NivPro account was blocked and he was advised to pay a penalty of ₹5 lakh to revive entry, though the app displayed a steadiness of ₹64 lakh with no withdrawal choice. Police stated the sufferer ultimately realized the scheme was fraudulent and reported a lack of ₹29,50,000.
Printed – December 05, 2025 07:06 pm IST