A Visakhapatnam resident was allegedly cheated of nearly ₹2 crore in a cyber fraud involving a fake online romance and fraudulent forex investment scheme. The scammers gained the victim's trust before convincing him to invest large sums with promises of high returns. Police have launched an investigation and urged the public to stay alert against such online scams. 

A major cyber fraud has come to light in Visakhapatnam after a man reportedly lost around ₹2 crore to fraudsters operating a romance-cum-forex investment scam. The accused first established an online relationship with the victim, gradually earning his trust through regular conversations. They later introduced him to a fake forex trading platform, promising substantial profits on investments. Believing the scheme to be genuine, the victim transferred money through multiple transactions. When he attempted to withdraw his returns, the fraudsters became unreachable, exposing the scam. Cybercrime officials have registered a case and initiated an investigation. Authorities have also advised citizens to verify investment platforms and avoid sending money to people met only through social media or messaging apps.