Hyderabad, Dec. 23 -- A retired Indian Police Service officer was duped of Rs 8.10 crore in an investment scam in Hyderabad.

Amar Singh Chahal, an Inspector General, fell prey to the investment scam after joining a WhatsApp group Chahal borrowed Rs 7.5 crore from his friends and relatives. Overwhelmed by the financial and emotional distress, Chahal died by suicide.

Cautioning the public against investment scams, the Hyderabad police said that there has been an alarming rise in online trading and Investment scams, where fraudsters lure victims through social media platforms. Telegram or WhatsApp groups promising high returns or guaranteed profits in cryptocurrency, forex, or stock trading.

These fraudsters often use fake websites, tradi...