By PingTV News Desk | January 11, 2026 – Hyderabad
HYDERABAD — In a shocking incident that has sent ripples through the city, Urmila, the wife of former CBI Joint Director and retired IPS officer V.V. Lakshminarayana (popularly known as JD Lakshminarayana), has fallen victim to a sophisticated cybercrime. Fraudsters operating through a fake stock market investment scheme allegedly swindled ₹2.58 crore from her over a period of two weeks.
The Bait: “Stock Market Profit Guide”
The fraud began when Urmila received a message on WhatsApp promising astronomical returns through stock market trading. Lured by the prospect of high profits, she was added to a WhatsApp group titled “Stock Market Profit Guide Exchange 20.” Inside the group, a man identifying himself as Dinesh Singh acted as a financial “guru.” Since Urmila had limited knowledge of trading, Singh reportedly gained her trust by sharing fabricated screenshots showing daily profits of up to 500%. To further the illusion, another gang member using the alias “Priyasakhi” frequently posted in the group, claiming she had made massive gains following Singh’s advice.
The Scam: A Fake Trading App
On the fraudsters’ instructions, Urmila downloaded an application called “MCKIEY CM” from the Apple App Store. Believing it to be a legitimate trading platform, she began transferring funds. Between December 24, 2025, and January 5, 2026, she made a total of 19 transactions, amounting to a staggering ₹2.58 crore.
To arrange such a large sum in a short time, she reportedly mortgaged her own jewelry as well as the gold belonging to her husband, JD Lakshminarayana.
The Realization
While the MCKIEY CM app showed her “portfolio” growing into several crores, the trap was revealed when she attempted to withdraw her money. The application lacked a “Withdraw” option, and the fraudsters demanded even more money as “taxes” or “service fees” to release her funds. Realizing she had been cheated, she immediately approached the Hyderabad Cyber Crime Police.
Police Investigation
The Hyderabad Cyber Crime Police have registered a case and launched an intensive investigation. Preliminary probes suggest that the money was quickly routed through multiple “Mule Accounts” (accounts used to launder stolen money) across various states to make it difficult to trace.
“We are tracking the money trail and investigating the IP addresses associated with the WhatsApp group admins. We urge citizens not to trust investment advice from unknown WhatsApp groups,” a senior police official stated.
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