oppn parties Matrimonial Websites Increasingly Used For Investement Scams

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  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
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  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
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  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
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Matrimonial Websites Increasingly Used For Investement Scams

By Linus Garg
First publised on 2025-09-12 10:34:54

About the Author

Sunil Garodia Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.

Hyderabad has once again been shaken by a cryptocurrency scam, this time involving a matrimonial website that preyed on emotions and greed. A 30-year-old man from Chandrayangutta lost Rs 27.5 lakh after being lured by a fake profile posing as a prospective bride. The incident is a stark reminder of how fraudsters are exploiting matrimonial sites and social media platforms to trap unsuspecting individuals.

The victim, like many others, was searching for companionship and found a profile of a woman claiming to be from London, originally from Chennai. Over time, the woman built trust, sharing stories and promising marriage. Once the relationship seemed genuine, she introduced an investment opportunity - Bitcoin trading through an online platform that appeared legitimate but was, in fact, a cleverly designed trap.

Encouraged by promises of quick returns and fearing he might lose the opportunity, the man invested Rs 27.5 lakh from his savings, loans, and by borrowing from friends. The fraudulent platform displayed an inflated account balance of Rs 1.34 crore, a common tactic to convince victims that their investment was growing. However, when the man attempted to withdraw his funds, the fraudsters demanded an additional 10% "tax payment" amounting to Rs 13.47 lakh - a red flag that confirmed the scam.

Realizing that he had been duped, the man reported the fraud, prompting Hyderabad's cybercrime wing to register a case and launch an investigation. Authorities have since issued warnings urging citizens to be cautious while interacting with strangers online and to stay away from unverified investment platforms.

Experts point out that these scams are increasingly sophisticated. Fraudsters craft convincing personas, build emotional connections, and use fake investment portals with fabricated dashboards that display false profits. Many victims, driven by greed and the fear of missing out, trust these platforms without verifying their legitimacy.

This case is a chilling reminder that loneliness and greed are powerful triggers that fraudsters exploit. As more people turn to online platforms for relationships and investments, vigilance and skepticism are the best defenses. Trust must be earned - not granted based on appearances or promises of quick wealth. Stay alert, verify facts, and never let emotions cloud your judgment.

 

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