Hyderabad, Aug. 9 -- Three persons from Hyderabad were duped of Rs 1.6 crore in an investment scam. Cyberfraudsters lured them promising high returns.

The cybercrime unit registered three separate cases where the victims were approached through WhatsApp groups for stock trading , fake IPO and demand for fresh fees. Two of the victims are government employees and the other is a chartered accountant.

In the first case, a 39-year-old employee of the Defence electronic research laboratory (DLRL) from Kanchanbagh was added to a WhatsApp group titled ASBL Startup Excellence Circle in June this year. The group was operated by two persons identified as Abhishek and Abhijeet. The victim was convinced that he was buying pre-listing block deals, t...