Scammers Swindle Businesswoman of 1 Cr

A 52-year-old businesswoman residing in Hanumakonda, Hyderabad, fell victim to a cyber scam, losing 1 crore to fraudsters posing as stock market investment experts. The Telangana Cyber Security Bureau (TGCSB) has registered a case based on her complaint.

The woman reported being added to two unauthorized WhatsApp groups, 'Trading Changes Lives' and '8-8 Transformative Traders Group', where an individual claiming to be 'Professor Jagjit Singh' lured her with promises of high returns from pre-market trading with qualified institutional buyers (QIBs) through the website Daltoninv.vip. Trusting the messages and tips circulated in the groups, the victim and her husband transferred funds from their bank accounts to 12 beneficiary accounts in various banks between December 1, 2025, and January 25, 2026. Whenever she attempted to withdraw funds, the scammers, posing as customer support executives, demanded additional payments for processing charges and error rectification fees. Despite investing over 1 crore, the victim's withdrawal requests were repeatedly blocked, prompting her to realize that she had been deceived. Subsequently, she filed an online fraud complaint. In response, TGCSB sleuths in Warangal registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology (IT) Act.

The case was filed under Sections 318(4) and 319(2) of the BNS, as well as Sections 66-C and 66-D of the IT Act.