Hyderabad: 2 Held for Cheating 3k People of Rs 850 Crore
This page summarises the reported incident in plain language — what happened, who may be affected, and what to watch for before trusting a message, call, or link.
This is a summary of a reported incident, not a verdict. Read the disclaimer.
Deccan Chronicle
If this just happened to you
Do these steps in order. Speed matters.
- Stop the call or chat. Do not click more links or send money.
- Call your bank's official helpline (on your card or the bank website) and ask to block cards and freeze transfers.
- Call 1930 within 24 hours and file a complaint at cybercrime.gov.in.
- Save evidence — screenshots, numbers, links, and messages.
More reporting channels and helplines are below. Full reporting channels & helplines →
What happened
Two individuals were arrested in Hyderabad for orchestrating a ₹850 crore Ponzi scheme that defrauded over 3,164 victims. Gaddam Venugopal and Shreyas Paul operated through multiple fake companies, pr...
Where this report came from
RISX summarises public reporting into plain language. Always check the original — wording and dates may change after publication.
Last updated from feed: 20 August 2025 at 07:00 pm
- Deccan Chronicle
https://www.deccanchronicle.com/southern-states/telangana/hyderabad-2-held-for-cheating-3k-people-of-rs-850-crore-1898745
Report details
Published on
20 August 2025 at 07:00 pm
Reported by
Deccan Chronicle
Reported
fake website
Target profile
retired person
State
Telangana
City
Hyderabad
Reported loss range
> ₹10000000
Common scam keywords
Words and phrases scammers use in this kind of scam. If you see them in a message, treat it as a .
Topics
(numbers, IDs, links, domains)
Specific things tied to this scam. Tap any item to see other alerts where it appears.