Online Trading Fraud in Ramagundam Leaves Lineman Rs 94 Lakh Poorer
A TGNPDCL lineman lost Rs 94 lakh in an online trading scam after falling for a Facebook ad and fake app that showed false profits over several months.
- Online trading fraud targets Ramagundam lineman through fake investment app
- Lineman loses Rs 94 lakh in scam linked to Facebook trading ad
- Cyber crime case filed after online trading fraud exposes fake profits
What began as a simple click on a social media advertisement ended in a massive financial loss for a lineman from Ramagundam, highlighting the growing threat of online trading frauds. The victim, a 48 year old employee of TGNPDCL, lost over Rs 94 lakh after being lured into a fake investment scheme.
The fraud unfolded over several months, starting in November 2025 when the victim noticed a trading advertisement while browsing Facebook. The promise of high returns with minimal investment caught his attention, prompting him to follow the link.
Soon after, he began receiving WhatsApp calls from individuals claiming to be professional trading experts. They convinced him to install a mobile application and guided him through setting up an account. Initially, he was encouraged to invest small amounts, which appeared to generate profits within the app.
The scammers built trust by displaying fake earnings through manipulated graphics, particularly in oil and gold stock trading. Believing the returns were genuine, the lineman continued investing larger sums, even borrowing money to increase his investments.
Between November 6, 2025 and March 23, 2026, he transferred a total of Rs 94.11 lakh through multiple RTGS transactions into accounts controlled by the fraudsters.
Trouble began when he tried to withdraw the money. The fraudsters demanded additional payments under the pretext of taxes and service charges. Despite paying these extra amounts, he received nothing in return.
Realizing he had been cheated, the victim approached the Telangana Cyber Security Bureau on May 1. Based on his complaint, a case has been registered and an investigation is underway. Authorities are now tracking the bank accounts and phone numbers used by the accused.
Police have urged the public to remain cautious while dealing with online investment platforms. They warn against clicking unknown links or trusting apps that promise unusually high profits. Officials advise immediate reporting of suspicious activity to prevent further losses.
