Hyderabad cybercrime unit recovers over Rs 9.5L for businessman defrauded in scam

Hyderabad: The Cyber Crime Unit of the Hyderabad City Police successfully recovered Rs. 9,50,531 for a 32-year-old businessman who was defrauded by cyber criminals posing as business partners. The victim had been lured into a scam where he was convinced to transfer the amount to bank accounts provided by the fraudsters under the pretext of business orders.

The complaint, filed by the businessman, led to the registration of a case under Cr. No. 3083/2024, with sections 66(C), 66(D) of the IT Act, and sections 111(2)(b), 318(4), and 319(2) of the BNS. The Cyber Crime Unit, led by Inspector K. Prasada Rao, along with SI Abhishek, HC Satish, and PCs Srinivas Reddy and Kranthi Kumar Reddy, launched an investigation and apprehended the accused in Sector-7, Dwarka, New Delhi.

As a result of their efforts, the full amount of Rs. 9,50,531 was successfully refunded to the victim through a Demand Draft.

Public Advisory:

Cyber fraudsters are increasingly targeting business owners with fraudulent offers of lucrative business deals, promising high-value orders in exchange for upfront payments. These scammers often request fees for registration, process charges, ISO certificates, and website development, only to sever contact after receiving the money.

To avoid falling victim to such scams, the public is advised to:

• Verify the authenticity of offers before making any payments.

• Research companies or individuals offering business deals through official and trusted sources.

• Avoid making large upfront payments, as legitimate businesses rarely demand such payments in advance.

• Be cautious of unsolicited calls, emails, or messages offering unrealistic business opportunities.

• Use secure payment methods and avoid sending money to unknown individuals or accounts.

Victims can report cyber fraud on the helpline number 1930 or through the website cybercrime.gov.in.