NIZAMABAD: A man from Machapur village in Yellareddy mandal of Kamareddy district was cheated of ₹18.50 lakh through an online business app scam. According to sub-inspector Mahesh, the victim came in contact with a young woman on Facebook in November 2025. During their interactions, she spoke about online trading and persuaded him that he could earn substantial profits by following her guidance. Trusting her, the man initially invested ₹50,000 and later ₹30,000, in two instalments, through a business app suggested by her. After the initial investment, the woman informed him that he had earned a profit of ₹5,000 in a single day. Convinced by these claims, the man continued to invest money in multiple instalments. When his total investment reached ₹18.50 lakh, the app displayed a profit of ₹18 lakh. However, when he tried to withdraw ₹65,000, the amount was not credited to his account. On contacting the woman, she assured him that the money would be credited within 24 hours or advised him to approach customer care. When he contacted customer care, he was told that he could withdraw the amount only after paying an additional ₹22 lakh. Realising that he had been cheated, the victim lodged a complaint with the Cyber Crime Police. Despite repeated awareness programmes conducted by the police on online fraud, such incidents continue as people fall prey to false promises of high returns, SI Mahesh said. A case has been registered and an investigation is under way.
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