Hyderabad, Feb. 27 -- A 69-year-old businessman was allegedly duped of Rs 2.65 crore in a cyber fraud in Hyderabad after fraudsters lured him with high returns on investments in online companies which turned out to be fake.

The victim, who is a resident of Somajiguda, approached the cybercrime unit of the Hyderabad police. In his complaint, the businessman alleged that he was contacted by a woman who identified herself as Ramya Krishnan via social media.

After an initial conversation, Krishnan allegedly told the victim that she was making investments in Polyus Finance (PFP Gold)' and had invested Rs 50 lakh so far. She also told him that she was receiving good returns.

Fraudster seeks investments in resorts

The businessman also stated...