Online Betting Scam: Businessman Loses Rs 1.5 Crore After Lured by Fake Profits

• A Hyderabad businessman lost over Rs 1.5 crore to cybercriminals in an online betting scam.
• Fraudsters lured the victim with cricket betting and online gaming, initially showing a quick Rs 5,000 profit on a Rs 20,000 investment.
• The victim transferred Rs 1.5 crore in installments through various bank accounts and UPI IDs.
• Despite showing huge profits in his online wallet, he was unable to withdraw money and was asked for 'VIP access fee,' 'TDS taxes,' and 'customer support charges'.
• Cyber Police warn against suspicious links and apps promising high profits, urging victims to report to helpline 1930.