A resident of the TB Dam area near Hosapete, A. Arogya Das, was allegedly cheated of ₹44.5 lakh by cyber fraudsters who lured him into a fake investment scheme promising high and fast returns. The fraud took place between November 11, 2025, and January 1, 2026.
According to the complaint, the accused contacted Arogya Das through two WhatsApp numbers and persuaded him to invest in their so-called company. He was instructed to transfer money to 12 different bank accounts, which he did.
The fraudsters later claimed that more than ₹1.4 crore had accumulated in his account and told him that by paying ₹15.4 lakh towards commission and taxes, he would receive the entire amount within four days with guaranteed returns. Trustworthy, he transferred the amount.
When the scammers later demanded an additional ₹3 lakh, Arogya Das became suspicious and approached an auditor’s office for verification, where he realised that the investment scheme was fake. He then lodged a police complaint.
“I transferred a total of ₹44.5 lakh to the fraudsters through RTGS and PhonePe. I request that my money be recovered,” Arogya Das said in his statement.
Confirming the case, SP S. Jahnavi said the matter was under investigation and expressed confidence that the accused would be traced soon.