Hyderabad cybercrime police are investigating a case in which a private accountant was allegedly defrauded of Rs6.35 lakh by a woman posing as a stock trader, police said.
According to the complaint, the victim met the woman through a nuptial website. She introduced herself as Nandita Reddy, claiming to be from Vijayawada and currently working in the UK with a stock trading firm.
The two maintained regular contact for nearly three months through WhatsApp and video calls, during which the woman gained his trust by interacting with his family and discussing plans for their future together. She persuaded him that investing in stock trading would secure their life after marriage.
Presenting herself as an experienced dealer, she convinced the man to download a trading app she claimed was linked to her company and available on the Google Play Store. Trusting her, the man initially invested Rs50,000. Encouraged by apparent returns, he continued investing in installments, ultimately transferring a total of Rs6.35 lakh. The app even showed fictitious gains of nearly Rs20 lakh.
However, when the victim attempted to withdraw the money, he was told that a 30% tax needed to be paid upfront. Upon requesting that the tax be deducted from the gains, the woman allegedly stopped responding and switched off her phone.
Realizing he had been cheated, the victim approached the Malkajgiri Cybercrime Police, who have registered a case and are investigating the matter.
