Hyderabad, March 15 -- At least three senior citizens were allegedly duped of Rs 4.4 crore in separate cyber frauds in Hyderabad under the Malkajgiri police limits.

One of the cases pertains to a fake "digital arrest". In the case, a 62-year-old was duped of Rs 1.72 crore in an investment fraud. The victim filed a complaint with the Cyberabad cybercrime unit on March 12.

The victim stated that on January 9, he received a message regarding stock trading and joined a WhatsApp group. He said that members of the group were encouraged to invest in block trades, qualified institutional placement (QIP) stocks, and IPO allotments using what was described as an institutional trading account. After initially transferring Rs 5 lakh to a bank accou...