Hyderabad: Incidents of doctors falling prey to cyber fraud are on the rise. In a major case, a 40-year-old doctor from Kompally allegedly lost ₹4.7 crore after being lured into a fake stock market investment scheme that promised high returns.
How the Scam Unfolded
According to a Times of India report, the doctor was contacted on August 8, 2025, via Telegram by fraudsters posing as stock market experts. They convinced him to invest on a fake trading platform, assuring profits if he traded just twice a week.
The Telegram account, named ‘H_Hantec_Markets_CS’, was allegedly operated by a fraudster identifying himself as Sunil. He promised significant returns if the doctor traded every Monday and Friday.
Multiple Transactions, Minimal Withdrawal
- The doctor initially transferred ₹50,000 on August 15 to a Bandhan Bank account named MS Kalyani Mahila Gramin Bigar.
- When the trading dashboard showed a 5% profit, the fraudsters persuaded him to invest more.
- Over 60 days, the doctor transferred ₹4.7 crore through 46 online transactions and six cash deposits.
- The money was routed to 24 different current accounts, registered in the names of logistics, travel, dairy, garment companies and individual traders.
- He was able to withdraw only ₹1 lakh before the fraudsters blocked further withdrawals on November 17, 2025, later demanding additional money under the pretext of taxes.
Complaint and Legal Action
Realising he had been duped, the doctor:
- Filed an online complaint on January 5 with the National Cyber Crime Reporting Portal
- Submitted detailed bank records to the Telangana Cyber Security Bureau (TGCSB) on January 6
Based on the complaint, TGCSB registered a case under:
- Section 66-D of the Information Technology Act (cheating by personation using computer resources)
- Sections 318(4), 319(2), and 338 of the Bharatiya Nyaya Sanhita (BNS)
Investigation Ongoing
TGCSB officials have launched an investigation to trace the money trail and identify the accused involved in the large-scale cyber fraud.
Authorities have once again urged professionals, including doctors, to exercise caution while investing online and to verify the authenticity of trading platforms before transferring funds.
