Hyderabad, Oct. 30 -- A 56-year-old doctor from Hyderabad was duped of Rs 1.21 crore in a foreign exchange scam where a fake video of a Union minister was used by the fraudsters.

The victim filed a complaint with the Malkajgiri Police, alleging that on August 11 he had come across an advertisement on Facebook, in which a Union minister was promoting an investment scheme. The video promised a per-day return of Rs 80,000 on an investment of Rs 22,000.

"As I clicked on the advertisement to register myself, I was contacted by different people claiming to represent five different online trading platforms. They persuaded me to invest in forex trading by promising substantial profits," the victim told the police.

Trusting the fraudsters, the ...