Hyderabad, Dec. 5 -- A software engineer was duped of Rs 50 lakh in a cyber fraud in Hyderabad after he was lured with high returns on investment.

The victim is a 42-year-old man, and a resident of Adibatla, approached the Rachakonda cybercrime police and filed a complaint. The complainant stated that he was contacted on WhatsApp and redirected to a Telegram group where he was introduced to a lucrative task-based investment programme linked to international stock markets.

The sofware engineer was promised high returns for completing online rating tasks. To gain the victim's trust, the fraudsters initially paid some amount for each task. As he started investing, he was told that higher 'VIP levels' would help him earn much larger profits...