35-year-old Hyderabad techie loses ₹32 lakh in online trading scam via Fidelity Pro app after digital messaging group investment scheme

Summary

A 35-year-old techie from Hyderabad lost Rs 32 lakh in an online trading scam. He joined a digital messaging group named A1 Blue Chip Stock Investment after clicking on an advertisement for a trading platform. He was contacted by an individual who directed him to download an app called Fidelity Pro and make transactions. After initial small investments and shown profits, he deposited larger sums and was convinced to invest Rs 20 lakh in an IPO for Sahaj Solar Shares. When communication from the group stopped and the app became inaccessible, he discovered the company in Bengaluru did not exist and the app had been removed from the Google Play Store. He filed a complaint with the Rachakonda cybercrime wing and an FIR was registered.