An Urologist loses ₹20 lakh in online trading scam
HYDERABAD: Telangana Cyber Crime Police have registered a case after a city-based urologist alleged that he was cheated of ₹20 lakh through a fraudulent online trading platform promoted via social media.
The complainant, Dr Durga Prasad Bendapudi, 42, working as a urologist at KIMS Hospitals, Kondapur, stated that he was approached on August 6, 2025, by a woman identifying herself as Anusha Reddy on Facebook while he was promoting his Google Business profile for his clinic.
According to the complaint, the woman claimed she could help promote his professional profile and later introduced herself as a financial adviser with a firm named “CMC Global Cs”. She allegedly persuaded him to invest in online trading through what she described as an institutional trading account.
She asked him to shift the conversation to Telegram, assuring guidance for independent trading, and informed him that funding the trading account was possible only through third-party transfers, with Indian rupees converted into US dollars after deducting exchange charges.
Believing the representations to be genuine, the doctor deposited funds into the platform through third-party individual accounts as instructed. A few of his professional colleagues were also persuaded to invest through similar accounts on the same platform.
Over nearly three months, the platform reportedly showed consistent profits credited to their trading accounts, creating confidence in its legitimacy. However, after coming across news reports and public advisories on online trading scams, the group became suspicious and realised that the platform was fraudulent.
Police said the trading activities were carried out through the website https://m.cmcmarketsdw.cc. The accused allegedly provided multiple login credentials to access the platform.
After identifying the fraud, the victims approached Telangana Cyber Crime Police. The accused were still active on Telegram and WhatsApp, indicating continued involvement in fraudulent activities, the complaint said.
The victim stated that financial transactions and social media promotions of his clinic, Laser Uro and Andro Care, were managed by G Venkateswarlu on his behalf. Most of the ₹20 lakh transferred to the fraudulent platform was remitted from Venkateswarlu’s personal bank account as part of managing the clinic’s promotional and investment-related activities.
The complainant requested legal action against the owner and management of the fraudulent domain, as well as the WhatsApp and Telegram users who allegedly caused wrongful loss of ₹20 lakh by making false representations and assurances.
