Hyderabad, Dec. 9 -- A 47-year-old resident of Secunderabad lost Rs 24,44,152 after fraudsters convinced him to invest in a trading app called 'KDEOne Gold', promising high profits.

According to the cybercrime police, the victim was first contacted by the fraudsters through WhatsApp in December last year, where the sender introduced themselves as 'Sharanya.'

Over time, they gained the victim's trust and convinced him to download the KDEOne Gold app from the Play Store.

The victim was promised high returns of up to 70 percent and was allowed to withdraw small amounts at first. Believing the app to be genuine, the victim invested larger amounts.

However, when the app displayed a profit balance of Rs 39 lakhs, the withdrawal option was d...