Hyderabad: A 70-year-old retired private employee lost Rs 93 lakh in a trading scam in Hyderabad’s Medchal area. The incident occurred on July 17.

According to the Cyberabad cybercrime unit, the victim came across an advertisement on WhatsApp, which claimed to train people in trading in investment .

The group was led by a person identifying himself as Rajakumar, while a woman named Nikita Sharma introduced herself as a ‘group analyst’ associated with the organisation.

She took him through the process and, on August 26, the victim transferred Rs 2 lakh.

Guided by Nikita, the victim continued to increase his investment, eventually reaching Rs 30 lakh. The cybercrime police further stated that the victim had initially wanted to stop trading; however, the fraudsters persuaded him to i

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