By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PratapDarpanPratapDarpanPratapDarpan
  • Top News
  • India
  • Buisness
    • Market Insight
  • Entertainment
    • CELEBRITY TRENDS
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Reading: Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official
Share
Notification Show More
Font ResizerAa
Font ResizerAa
PratapDarpanPratapDarpan
  • Top News
  • India
  • Buisness
  • Entertainment
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Search
  • Top News
  • India
  • Buisness
    • Market Insight
  • Entertainment
    • CELEBRITY TRENDS
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Have an existing account? Sign In
Follow US
  • Contact Us
  • About Us
  • About Us
  • Privacy Policy
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
PratapDarpan > Blog > Tech Hub > Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official
Tech Hub

Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official

PratapDarpan
Last updated: 25 September 2024 12:54
PratapDarpan
9 months ago
Share
Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official
SHARE

Contents
Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI officialIn a recent case of online investment fraud, a Hyderabad woman lost Rs 15 lakh after receiving a message from a fake SBI official.

Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official

In a recent case of online investment fraud, a Hyderabad woman lost Rs 15 lakh after receiving a message from a fake SBI official.

Listen to the story

Advertisement
Hyderabad woman loses Rs 15 lakh after receiving message from fake SBI official
Representative image created using AI

The last few months have seen a spurt in online frauds, where fraudsters are stealing money from people on the pretext of offering high investment returns. These fraudsters are creating fake groups on messaging platforms like WhatsApp and then adding unsuspecting individuals and providing information and tricks to earn more money through investments. Many people have lost money by falling prey to these scams. Recently, a 43-year-old woman from Manikonda in Hyderabad fell victim to this, who was duped of about Rs 15 lakh by fraudsters posing as SBI Securities officials.

Advertisement

According to a Times of India report, the victim was lured by promises of high returns on investments via WhatsApp and a fraudulent trading application. As per the report, like other reported cases, the victim received a WhatsApp message in August promoting an ‘SBI Securities International Account’, aimed at improving his trading skills and investment returns. Attracted by the offer and seeing the prestigious name of SBI, the victim expressed interest and was later added to the ‘SBI Securities Group’ on the messaging platform. Scammers posing as SBI officials persuaded him to download an app called ‘SBI-INT’ and create an account, presenting it as an official SBI trading platform.

Under this fraudulent scheme, the scammers promised high returns through various investment opportunities, including IPO allotments, upper circuit stocks, and block trades. Believing it to be a legitimate opportunity, the victim initially made small investments. She was further encouraged by the prospect of substantial profits and over time, she increased her contributions, transferring multiple deposits to the app’s wallet, thinking she was investing in IPO stocks.

However, when the victim attempted to withdraw his profits and initial investment, the fraudsters demanded an additional payment of Rs 22 lakh, stating that it was necessary to pay ‘taxes’ to release the funds. This demand raised his suspicion, prompting him to seek help. By then, the victim had already lost around Rs 15 lakh, and was only given a token return of Rs 25,000 as part of the scam.

Realising that she has been cheated, the victim immediately lodged a complaint with the Cyberabad Cyber ​​Crime Police. A case has been registered, and officials have begun investigating the incident. The case highlights the growing cunning of cyber criminals who are luring unsuspecting victims using reputed organisations such as SBI.

To avoid falling prey to such scams, people are advised to verify any unsolicited investment offers, especially those promising unusually high returns. It is also important to double-check the authenticity of the contacts and the platform being used.

Remember that financial transactions should only be conducted through official channels, and individuals should avoid downloading unknown applications or clicking on suspicious links sent via messaging platforms. Additionally, before making significant investments, consulting a financial advisor or contacting the relevant financial institution directly can help verify the legitimacy of the investment opportunity.

You Might Also Like

WhatsApp announces 3 major calling features: Allows up to 32 users to make video calls, screen sharing with audio
Snapdragon 8 Elite for just Rs 55,000: Is the iQOO 13 really that good?
Samsung’s first Tri-Gun phone may leave global release
X reported the second big outage, as black black leaves musk and saves about Rs 150 lakh crore.
Realme Neo 7 launched with MediaTek Dimensity 9300+ SoC: Price, specifications and more
TAGGED:fakeHyderabadlakhlosesmessageofficialreceivingSBIwoman
Share This Article
Facebook Email Print
Previous Article These vaccines can help reduce lung-related diseases in India These vaccines can help reduce lung-related diseases in India
Next Article Vivo V40e with MediaTek Dimensity 7300 chipset launched in India, price starts at Rs 28,999 Vivo V40e with MediaTek Dimensity 7300 chipset launched in India, price starts at Rs 28,999
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up