top of page
Search

đŸ”„ Shock in Hyderabad: â‚č67.6 Lakh Gone in Stock Market Scam! đŸ˜±

TL;DR: A 57-year-old Hyderabad man was swindled of â‚č67.6 lakh by scammers posing as stock advisors on WhatsApp, promising big returns. The Hyderabad Cybercrime unit arrested two Gujarat men—Mehulbhai Ramani (37) and Hardik Kumar (26)—recovered â‚č1 lakh cash and phones, and are hunting accomplices behind "SMC 912" WhatsApp group scam.

📌 Breaking the Scam: How It Happened

  1. Victim lured via WhatsApp stock‑tips group “SMC 912” by scammers posing as advisors.

  2. They instructed him to deposit funds into mule accounts run by accomplices, under the pretext of trading.

  3. Over time, he transferred a total of â‚č67,60,049 believing in promised returns.

  4. Hyderabad Cyber‑Crime police arrested Mehulbhai and Hardik and seized â‚č1 lakh along with two phones.

  5. The prime accused is still absconding, and investigations continue.

🧠 Key Facts & Figures

  • Victim: 57‑year‑old Hyderabad private employee.

  • Total loss: â‚č67.6 lakh.

  • Accused: Mehulbhai Devrajbhai Ramani (37) — account supplier; Hardik Kumar Mukeshbhai Gondaliya (26) — account holder.

  • Modus operandi: Fake customer‑care, mule accounts, fake profit dashboards.

  • Recovery so far: â‚č1 lakh cash + 2 mobile phones.

  • Legal action: FIR likely under IT Act and relevant cybercrime sections.

⚠ Public Advisory from Cyber‑Crime Police

  • Never trust promises of quick high returns, especially via WhatsApp or Telegram.

  • Check that the platform is SEBI‑approved.

  • Always invest via registered financial advisors.

  • Report unauthorised transactions promptly: banks, dial 1930, or via cybercrime.gov.in.

đŸ€ MediaFx Perspective – From the People’s View

From a working‑class lens, this scam is another blow to common folks’ financial security. Hard‑earned money—meant for family, groceries, children’s dreams—gets looted under the guise of easy wealth. Instead of top‑down finance, we need bottom‑up protection: community awareness drives, banks and local unions organizing free financial literacy camps, and strict regulation of digital ads promising unrealistic gains. We stand with the people, not profiteers!

💬 Reader Promise – Let’s Talk

Have you or someone you know faced similar investment scams? Share your story in the comments 👇 Let’s spread awareness and help each other.

bottom of page