Increase in Cyber Fraud Cases Targeting Doctors in Hyderabad
Recent Incident Involving a Kompally Doctor
In Hyderabad, incidents of doctors falling victim to cyber fraud are on the rise. A recent case involves a 40-year-old doctor from Kompally who reportedly lost Rs 4.7 crore in a fraudulent stock market investment that promised substantial returns.
Details of the Fraudulent Transactions
Over the span of 60 days, the doctor transferred Rs 4.7 crore to the scammers through 46 online transactions and six cash deposits. The funds were funneled into 24 different current accounts. Out of the total investment, the doctor managed to withdraw only Rs 1 lakh before the fraudsters restricted further withdrawals.
How the Scam Unfolded
According to a report by the Times of India (TOI), the situation came to light when the doctor approached the Telangana Cyber Security Bureau (TGCSB). He claimed he was deceived by fraudsters who contacted him via Telegram, posing as stock market specialists, on August 8, 2025. These individuals convinced him to invest in a fake trading platform, assuring him of profits if he engaged in trading twice a week.
The account that reached out to him was identified as ‘H_Hantec_Markets_CS’, operated by a fraudster named Sunil, who guaranteed significant returns if the doctor traded on Mondays and Fridays.
Initial Investment and Escalation of Losses
The doctor initiated his investment by transferring Rs 50,000 on August 15 to a Bandhan Bank account under the name ‘MS Kalyani Mahila Gramin Bigar.’ When his trading dashboard indicated a 5% profit, the fraudsters encouraged him to invest more. Over the next two months, he continued trading, ultimately losing Rs 4.7 crore. The accounts where he deposited money were linked to various companies in logistics, travel, dairy, and garments.
On November 17, 2025, the fraudsters blocked further withdrawals and requested additional payments under the guise of tax obligations.
Reporting the Crime and Ongoing Investigation
Realizing he had been duped, the doctor filed an online complaint on January 5 through the National Cyber Crime Reporting Portal and provided detailed bank records to TGCSB investigators on January 6.
In response to the complaint, the TGCSB registered a case under Section 66-D of the Information Technology Act, which addresses cheating by personation using computer resources. Additionally, charges were filed under Sections 318(4), 319(2), and 338 of the Bharatiya Nyaya Sanhita (BNS). An investigation is currently underway to apprehend those responsible for the fraud.
Related Cases of Cyber Fraud
This incident is part of a broader trend of cyber fraud targeting medical professionals. Another case involved a doctor from Delhi who lost Rs 22.7 lakh in a similar scam, prompting two arrests.