Ex-CBI JD Lakshminarayana's Wife Loses ₹2.58 Cr in Cyber Investment Fraud | Quick Digest
The wife of former CBI Joint Director V.V. Lakshminarayana was defrauded of ₹2.58 crore in an online stock market investment scam. Lured by promises of 500% returns via WhatsApp, she invested funds between late December and early January, only to find herself unable to withdraw profits.
Victim, Urmila, is wife of former CBI JD V.V. Lakshminarayana.
Lost ₹2.58 crore in a sophisticated online investment fraud.
Scammers lured her through WhatsApp with promises of 500% returns.
She was added to a 'Stock Market Profit Guide Exchange' WhatsApp group.
Fraudsters convinced her to download a trading app and make multiple transactions.
Police investigation is underway after a complaint was lodged in Hyderabad.
The wife of former CBI Joint Director V.V. Lakshminarayana, identified as Urmila, has fallen victim to a sophisticated cyber investment fraud, losing a substantial amount of ₹2.58 crore. The incident, reported in Hyderabad, involved fraudsters luring her with promises of exorbitant returns, up to 500%, on stock market investments.
The elaborate scam began when Urmila was added to a WhatsApp group named 'Stock Market Profit Guide Exchange 20'. A fraudster, reportedly identified as 'Dinesh Singh', gained her confidence by sharing screenshots of supposed successful transactions and offering expert trading advice. Believing these claims, she downloaded a trading application, 'MCKEY CM', and proceeded to transfer ₹2.58 crore in 19 transactions between December 24, 2025, and January 5, 2026. It is also reported that she even mortgaged gold to raise the investment amount.
The deceit became apparent when the app, despite displaying significant profits, prevented her from withdrawing the funds. Upon her attempts to withdraw, the fraudsters demanded further investments under the pretext of taxes or to unlock the withdrawal option, prompting her to realize she had been duped. Subsequently, Urmila lodged a complaint with the Hyderabad Cyber Crime Police, who have initiated an investigation. Preliminary findings indicate that the scammers utilized international routing servers and 'mule accounts' to obscure their identities and locations. This incident highlights a growing trend of online investment scams targeting individuals through social media platforms, emphasizing the need for extreme caution against unsolicited investment offers.
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