75-Year-Old Loses Rs 13 Crore In Telangana's Biggest Cyber Fraud
NDTV
Sources said the man had reportedly received a proposal for investment through WhatsApp on July 1 and within 10 days, he had invested Rs 4 crore, lured by the impressive profits projected by the scammers.
In what may turn out to be the biggest cyber financial fraud from an individual reported to Telangana's Cyber Security Bureau, a 75-year-old man has lost Rs 13 crore. The victim had retired as a senior manager of a public sector unit.
Sources said the man had reportedly received a proposal for investment through WhatsApp on July 1 and within 10 days, he had invested Rs 4 crore, lured by the impressive profits projected by the scammers.
When his account showed Rs 10 crore, he wanted to withdraw. Then he was told that he would need to pay GST, CGST, conversion tax, foreign exchange tax and so on, and he ended up paying up another Rs 9 crores within 15 days, hoping to recover his investment money and the "returns" he had made.
