Hyderabad IT employee loses over Rs 50 lakh in online commission fraud

The victim works in HCL. They received a link message on Telegram, offering easy money by rating products.

Hyderabad: An IT professional was duped for Rs 54.67 lakh in a fake online task promising commission for rating the brands.

The victim, an employee of HCL residing in Praneeth Colony, Balanagar, received a link message on Telegram, offering easy money by rating certain products.

The victim invested Rs 5,000 on the online platform, earning an initial profit Rs 12,500.

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Later, the IT employee invested Rs 59,800 into the platform and continued to invest over the next few days, depositing a total of Rs 7.14 lakh through multiple transactions.

When the victim tried to withdraw the money, the fraudsters said they should deposit Rs 5 lakh to improve credit score or invest Rs 6 lakh to open a VIP channel. They demanded Rs 12.5 lakh as withdrawal charges.

The IT employee kept transferring the money for a total amount of Rs 54,67,488.

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However, when another demand of Rs 8 lakh was made, the victim grew suspicious and informed the Patancheru police.

A case has been registered and investigations are underway.

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