Doctor in Anantapur Loses Rs 98.24 Lakh in Alleged Online Trading Scam
A doctor employed at the Government General Hospital (GGH) in Anantapur has reportedly fallen victim to an elaborate online trading fraud, resulting in a loss of Rs 98.24 lakh. The case underscores a growing pattern of cyber-enabled investment scams that have targeted professionals, including healthcare workers, across the region.
How the fraud unfolded
According to the complaint lodged with local authorities, the doctor received a voice message on December 15 from a woman who identified herself as a trading and financial analyst with Goldman Sachs. Persuaded by assurances of lucrative returns, the doctor began transferring funds from his bank accounts over a period of roughly two months. Transfers were made in phases and cumulatively amounted to Rs 98.24 lakh.
At one point the doctor’s online wallet reportedly showed a balance of Rs 2.20 crore, but when he attempted to withdraw the displayed funds there was no response. After failing to recover the money through the platform, the doctor filed a complaint with the Two Town police station, who have registered a case and initiated an investigation.
Similar incident involving a Panchayat Raj engineer
In a separate but related development in Anantapur, a Panchayat Raj engineer lost Rs 88.36 lakh in a similar scheme. The engineer had joined a WhatsApp group linked to the website Stock.corapro.com, where group members reportedly shared tips and recommendations on profitable investments. After acting on those suggestions, the engineer discovered that the funds could not be retrieved and subsequently reported the matter to the police.
These incidents reflect a recurring pattern: scammers use direct messaging, voice notes, group chats and trading platforms that display inflated account balances to induce victims to invest more, then obstruct withdrawals when victims try to reclaim funds.
Police warnings and past investigations
Anantapur Superintendent of Police P. Jagadish has cautioned the public to be vigilant about such cyber frauds. He referenced a previous case from last August in which a Rayadurg-based software engineer lost nearly Rs 1 crore in an online trading scam. That earlier investigation led to the arrest of a five-member gang based in Delhi, indicating that organised groups may be operating across state lines.
medichelpline had also reported on related incidents involving medical professionals. Following a recent stock market investment scam affecting a doctor in Hyderabad, another doctor from Visakhapatnam (Vizag) allegedly lost Rs 2.5 crore to scammers who posed as stock market experts and promised high returns. The 45-year-old doctor filed a complaint with the Vizag Cyber Crime police after discovering the fraudulent activity.
Pattern and implications
Taken together, these reports illustrate several recurring tactics used by fraudsters in the cases described: impersonation of financial professionals, recruitment through social and messaging platforms, websites that present misleading account values, and eventual obstruction of withdrawals. The victims in these incidents included professionals who were likely targeted because of perceived financial capacity and presumed trust in institutional credentials.
Local law enforcement responses—registration of cases, public cautions from senior police officials, and prior arrests—show that authorities are treating these events as criminal matters requiring investigation. The arrest mentioned from the August case also signals that coordinated groups may be responsible rather than isolated individuals.
What the reporting shows
The facts available from the registered complaints and statements to police establish a clear sequence: contact by an individual claiming financial expertise, progressive transfers of funds by victims, an apparent account or wallet balance that encourages further transfers, and a subsequent inability to withdraw funds. In every instance referenced here, victims sought redress by approaching law enforcement after discovering the irregularities.
These cases have broader ramifications for workplaces and professional communities. Healthcare providers, engineers, and IT professionals are among those affected, demonstrating that cyber-enabled investment fraud can reach individuals across sectors and ages.
Authorities’ public message
In official comments to medichelpline, Anantapur police leadership has reiterated the need for awareness about such scams and highlighted past investigative successes that resulted in arrests. Local police stations have been recording complaints and investigating leads as they arise.
As investigations continue, the registered cases will determine whether the incidents are linked to interstate or organised gangs, and will guide any subsequent law enforcement actions. In the meantime, the reported incidents serve as a reminder of the financial and emotional toll that targeted online fraud can inflict on professionals in the community.