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Hyderabad doctor loses Rs 14.6 crore in online trading scam

A dental surgeon from Hyderabad fell victim to fraudsters, losing Rs 14.6 crore in a fake stock trading scheme.

Hyderabad doctor loses Rs 14.6 crore in online trading scam
source: files

Newsroom, December 23, 2025: Fraudsters contacted the doctor on social media, using a fake profile of an attractive woman. They built trust through chats and introduced him to a spoofed trading platform showing quick profits. He started with small investments, then escalated after seeing manipulated gains.

Over months, he transferred funds 91 times, even selling property and taking loans. When he tried withdrawing supposed profits, scammers demanded extra "tax" payments.

Police later arrested four people linked to mule accounts used to route the money. Cases like this highlight rising digital investmentfrauds across India. Experts urge verifying platforms and avoiding unsolicited offers to protect savings in an increasingly online world.

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