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Hyderabad Cyber Fraud: Rs 2.38 Crore Fake Profit Scheme Traps Victims, Demands Action for Withdrawal
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Hyderabad Cyber Fraud: Rs 2.38 Crore Profit Illusion, Victims Lose Crores
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News18
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23-02-2026, 05:28
Hyderabad Cyber Fraud: Rs 2.38 Crore Profit Illusion, Victims Lose Crores
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Cybercriminals in Hyderabad are using new methods, including misusing personal details for loans and online trading scams.
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A woman entrepreneur discovered Rs 90.30 lakh in loans taken out in her name using her Aadhaar and PAN card details.
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The fraudulent loan amount was deposited into an ICICI Bank account linked to 'Paypath Engineering and Infrastructures Private Limited'.
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A private employee lost Rs 45.50 lakh in an online trading scam after being lured by a fake Rs 2.38 crore profit.
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Police advise locking Aadhaar biometrics and avoiding unknown links to prevent falling victim to such frauds.
Read Full Article on News18 in Telugu
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