Hyderabad, Nov.4 (NSS): The Hyderabad Cyber Crime police refunded an amount of Rs 1,05,00,000/- to victims in case number Cr.No.1665/2024, who were defrauded by cyber criminals on the pretext of investments in trading with promises of substantial profits.
A complaint was received from a male victim, aged 52, a private employee from Hyderabad. He reported that cyber fraudsters deceived him with promises of profits from trading in an institutional account on “Lazardoosvip. Top,” leading him to transfer an amount of approximately Rs 1,22,26,205/- to bank accounts provided by the fraudsters. In response, the Cyber Crime Police, Hyderabad, registered a case under Cr.No.1665/2024, invoking sections 66(C), 66(D) of the IT Act, and sections 319(2), 318(4), 338, 336(3), and 340(2) of the IPC.
Inspector K. Madhusudhan Rao, and his team, under the direct supervision of ACP Cyber Crime Unit, Hyderabad Shiva Maruthi and ACP Chand Basha, under the leadership of DCP Cyber Crimes D. Kavitha, worked diligently to address the complaint. The team issued notices to bank officials and requested the freezing of the fraudulent accounts and guided the complainant in filing a petition in court to reclaim the withheld funds. Shortly thereafter, court orders were obtained, authorizing the return of Rs 1,05, 00,000/-. As a result, the amount was refunded to the victim’s account.
Cyber crime police cautioned the public against fake investment Advertisement on social media Platforms i.e. Telegram, WhatsApp, X, Instagram and Face book are popping up everywhere promising high returns with little risk. Never believe the promises of huge returns and Fake profit screenshots. Don’t fall for these scams! Always use SEBI – approved apps for investment. Always ask to a SEBI registered financial advisor before investing. Scammer will credit a small amount in the victim’s account to gain the victim’s confidence and allow withdrawal amount as well. There is a possibility to get refund of at least part of the lost and PUT ON HOLD amount, if it is reported immediately. Victims of such Cyber frauds can report immediately dial 1930 or http://cybercrime.gov.in.
