Hyderabad Businessman Loses ₹1.5 Crore in Online Betting Scam; Police Warn Public

• A Hyderabad businessman was duped of over ₹1.5 crore in an online betting scam promising massive returns through cricket betting and online gaming.
• Fraudsters used WhatsApp links and phone calls, initially crediting a small profit to build trust after a ₹20,000 investment.
• The victim transferred ₹1.5 crore in installments through various methods, but could never withdraw the displayed 'profits'.
• Scammers demanded additional payments for VIP access, TDS taxes, and customer support charges under various pretexts.
• Police urge caution against suspicious links and apps promising high returns, advising immediate reporting of cyber fraud to helpline 1930.