Synopsis: A 29-year-old IT employee from Hyderabad was allegedly cheated of nearly Rs. 66 lakh by a woman he met on a matrimonial website. The accused reportedly lured him into stock market and cryptocurrency investments by promising high returns. Cyberabad Police have registered a case and launched an investigation.
Hyderabad IT Employee Loses Rs. 66 Lakh in Matrimonial Investment Scam
In a rising trend of cybercrime linked to online relationships, an IT professional from Hyderabad was allegedly defrauded of nearly Rs. 66 lakh by a woman he met through a matrimonial website.
According to Cyberabad Police, the victim transferred the money in multiple instalments to bank accounts provided by the accused.
How the Online Relationship Began
Reports indicate that the 29-year-old man from Gachibowli created his profile on a popular matrimonial portal in October last year.
He soon received a marriage proposal from a woman identifying herself as “Pallavi.” In her profile, she claimed to be working in Malaysia and presented an international professional background.
The two began chatting regularly and exchanged phone numbers. Over time, they developed what appeared to be an emotional relationship.
Investment Trap Through Stock Market & Cryptocurrency
After building trust, the woman allegedly advised the victim to invest in the stock market and cryptocurrency.
She promised high returns and persuaded him to transfer money in several phases.
Police stated that:
- Funds were transferred through multiple bank accounts.
- Digital payment channels were also used.
- Transaction details are currently under scrutiny.
Fraud Discovered When Withdrawal Was Attempted
The scam surfaced when the victim attempted to withdraw his invested money.
According to the complaint, the woman demanded additional payments when he requested the return of funds. She allegedly claimed that the original investment could only be released after further deposits were made.
Suspecting fraud, the victim approached the Cyberabad Cyber Crime Police and filed a complaint.
Police Investigation Underway
Officials confirmed that cases have been registered at:
- Rayadurgam Police Station
- Cyber Crime Police Station
Authorities are currently:
- Analysing bank accounts and digital transactions
- Examining IP address records
- Tracing the suspected fraud network
Public Advisory: Stay Alert on Online Platforms
Cyber police warned that such frauds are increasing rapidly. Criminals often:
- Create fake matrimonial or social media profiles
- Pretend to be overseas professionals
- Build emotional trust before demanding money
Authorities advised the public:
- Do not transfer money to online acquaintances.
- Verify profile details and background information.
- Treat financial requests during online conversations as red flags.
- Immediately report suspicious activity to the police.
Cybersecurity experts emphasize that awareness and verification are the strongest defenses against such digital frauds.
📌 Key Takeaway
Online relationship-based investment scams are on the rise. Authorities urge citizens to verify identities, avoid financial transactions with unknown individuals, and report suspicious activities immediately to prevent financial loss.