Hyderabad woman cheated of ₹9 lakh by two men promising investment returns
HYDERABAD: A 33-year-old private employee from Madannapet alleged that two men cheated her of about ₹9,60,000 by promising high returns on investments in land and businesses, police said.
According to police, the complainant, a resident of Poolathota, said she had been working at Ability Artificial Limb Center for seven years. She became acquainted with a person identified as Harith through a customer service call.
In 2020, she borrowed ₹20,000 from him and repaid it immediately. During the interaction, Harith claimed he owned lands and businesses. Later, when she called his number, another person identified himself as Karthik Reddy, stating he was Harith’s cousin and also ran businesses.
Loans taken from multiple apps transferred to accused
Believing his offer of higher returns, she took loans from various loan applications and transferred the amounts to him. The accused initially returned some money and paid two to three instalments, increasing her trust.
She later transferred around ₹9,60,000 from different loan platforms. These included ₹90,000 from Fibe, ₹1,40,000 from Navi, ₹90,000 from Early Salary, ₹1,80,000 from Credit B, and ₹4,60,000 from a loan of ₹4,82,225 obtained from Bajaj FinCorp.
The complainant alleged that the accused never met her in person and communicated only through mobile. They allegedly used different names but the same contact number and two bank accounts.
When she demanded repayment and EMI payments, the accused stopped responding to calls. She requested police to take action against them for cheating her on the pretext of investment returns.
