Hyderabad, Dec. 1 -- A 27-year-old resident of Kanchanbagh was duped of Rs 14,34,000 in an online trading fraud after being lured into a fake investment platform operating under the name "FYERS-DMA," falsely projected as an authorised service of Fyers Securities.
A police statement said on Monday, the victim was approached on WhatsApp by unidentified handlers who persuaded him to invest through the platform.
To gain his confidence, they allowed two initial withdrawals amounting to Rs 3,60,000, after which he continued investing and transferred a total of Rs 17,94,000 into multiple bank accounts shared by the scammers.
However, when he later attempted to withdraw the remaining amount, his requests were blocked and the platform stopped res...