Hyderabad police refund Rs.5.25 lakh to businessman duped by cybercriminals
A 37-year-old businessman, in his complaint to the police, stated that the fraudsters claiming as managing directors of a foreign blue chip company, defrauded him on the pretext of investing in stock trading. “The gullible was lured by the swindlers to transfer Rs 7, 25,000 in their bank accounts,” R.G. Siva Maruthi, ACP of the CCU, said.
Based on a complaint filed by the victim, a case was registered (crime number 2047 of 2024) under sections 66 C&D IT Act, and 318(4), 319(2), 33(4), 319(2), 336(3), 338, 340(2) of the BNS.
Inspector S. Naresh and his team members took efforts and alerted the bank officials, who in turn were successful in freezing the fraudsters’ bank account. “On the other, the victim was guided to file a petition before the court for seeking refund of the money held up in the scammers’ bank accounts,” Siva Maruthi added.
Meanwhile, Hyderabad police commissioner C.V. Anand lauded the efforts of the CCU team members. Issuing advisory to people, Dara Kavitha, DCP of the cyber crime unit, in a press statement issued on Saturday, stated, “Never believe in promises of huge returns and fake profits shown on screenshots. Scammers will credit small amount in the victim’s account to gain confidence and allow withdrawal as well, thereafter, the fraudsters will siphon off your hard earned money. There was a possibility of saving the lost amount, if it was reported withing the golden hours.
A victim can call up 1930 or contact www. cybercrime.gov.in,” added Dara Kavitha.
