Hyderabad woman scammed ₹2.8 crore in fake coffee scheme

A 60-year-old woman from Hyderabad has accused her brother and five others of scamming her out of ₹2.8 crore through a fake coffee company. The scheme falsely claimed West Indies cricketer Chris Gayle was a promoter to attract investors. The scam, which began in 2019, promised a 4% monthly return and attracted a total investment of ₹5.7 crore. Initially, the accused paid returns, but payments eventually stopped, leading to significant financial losses for the victims. In a separate case, a 45-year-old woman from Pune was reportedly cheated of ₹3.16 crore by fraudsters on a matrimonial site. She transferred money over several months, believing she was in a relationship with an overseas businessman. Police are investigating the case.