72-year-old retired IAS officer loses ₹3.37 crore in stock trading fraud via Dhani website in Hyderabad

Summary

A 72-year-old retired IAS officer lost Rs 3.37 crore in a stock trading fraud in Telangana. Cyber fraudsters impersonated agents of reputed investment companies and lured the victim through a website called "Dhani." A woman named Arjun Mehta convinced him to subscribe to mutual funds, IPOs, and options trading. Another fraudster, Arjun Ramesh Mehta, posed as a chief investment officer and provided daily trading advice via WhatsApp. The victim was told that completing a final settlement would resolve his debt and credit Rs 25,91,59,364.07 to his account. The incident occurred in Hyderabad.