Hyderabad, April 19 -- A 48-year-old Hyderabad businessman, a resident of Ameerpet, was cheated of Rs 2.6 crore by cyber scammers who had introduced themselves as stock market investment consultants, promising him rich returns through a trading platform.

Police say the scam started around mid-February when the victim was sent a Facebook friendship request by a woman claiming to be Madhavi Reddy.

The victim accepted the request, and then the two of them chatted on WhatsApp, where the woman introduced herself as a stock market consultant based in Bengaluru, reported ToI.

Hyderabad businessman invests in trading web portal

She manipulated the man to invest in a trading web portal over the next few weeks and provided him with several bank...