Hyderabad Cyber Crime Police refunds over Rs. 1 crore to victims of fraud
Hyderabad: The Cyber Crime Police in Hyderabad have refunded a total of Rs. 1,09,10,000 (one crore nine lakh ten thousand rupees) to victims in two separate cases of cyber fraud. The refunds were made following investigations into fraudulent schemes in which the victims were deceived with promises of substantial profits through investments in trading.
Case details:
In Cr. No.1665/2024, a complaint was filed by a 52-year-old private employee residing in Begumpet, Hyderabad. The victim reported that cyber fraudsters lured him with promises of substantial returns through trading in an institutional account. He transferred Rs. 1,22,26,205 to bank accounts provided by the accused. The Cyber Crime Police registered the case under Sections 66(C) and 66(D) of the IT Act, along with Sections 319(2), 318(4), 338, 336(3), and 340(2) BNS.
In Cr. No.1650/2024, a 62-year-old resident of Hyderabad fell victim to a similar scheme. He was deceived into investing in Goldman Sachs Securities and transferred Rs. 32,10,000 to accounts provided by the fraudsters. This case was registered under Sections 66(C) and 66(D) of the IT Act, and Sections 319(2), 318(4), 338, 336(3), and 340(2) BNS.
Inspector K. Madhusudhan Rao, his team, and Sub-Inspector P. Suresh and his team worked under the direct supervision of ACP Shiva Maruthi and ACP Chand Basha. Their efforts included sending notices to bank officials, coordinating to freeze the fraudulent amounts, and guiding the complainants to file petitions in court for refunds.
The Cyber Crime Unit’s prompt action resulted in the Addl. Chief Metropolitan Magistrate Eswaraiah of the XII ACMM Court, Nampally, Hyderabad, issued court orders to revert Rs. 1,09,10,000 to the victims’ bank accounts.
Public Advisory:
The Commissioner of Police, Hyderabad City, C.V. Anand commended the Cyber Crime Unit for its effective handling of the cases. The police department advises the public to avoid investing in unauthorised and unknown platforms that promise huge returns in a short period. It is crucial to report cyber frauds immediately to facilitate potential recovery of lost or held funds. Victims of such crimes can contact the helpline number 1930 or report through the National Cyber Crime Reporting Portal at cybercrime.gov.in.
