Mahabubabad: Business lost Rs 4.15 lakh due to fraud

Mahabubabad: A software engineer in Mahabubabad town lost Rs 4.15 lakh to online fraudsters who lured him with high interest rates through gold trading. According to reports, P Devendra, who works as a software engineer in Hyderabad, alleged that on December 15, he received a WhatsApp message from an unknown number with a link to a website to register for gold trading.

He ignored it and did not reply to the message but kept getting information about gold trading and how profitable it is. The fraudsters convinced him that around 68 people were bidding for gold and he could make huge profits from it. Devendra fell for their words and transferred Rs 4.15 lakh from different accounts to the account number sent by the fraudsters. The next day, they again asked him to send Rs 4.57 lakh. Realising that he had been duped, Devendra lodged a complaint with the Mahabubabad town police on Tuesday.