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Hyderabad: Two victims of trading and online investment frauds lost more than Rs 50 lakh in two separate cases in Hyderabad, police said on Sunday.

In online gold stocks trading fraud, a person was cheated to the tune of Rs 6.32 lakh while another citizen lost Rs 43 lakh in online investment fraud.

A 57-year-old resident of Himayathnagar was cheated by an online trading platform called NFM Capital Markets through an agent named Amrutha Reddy, who first contacted the victim via Facebook and WhatsApp.

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She convinced him to invest in ‘US Gold Stocks’ using a fake trading dashboard showing fabricated profits.

The victim made

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