Hyderabad police refund Rs.5.25 lakh to businessman duped by cybercriminals

The Hyderabad cybercrime unit refunded Rs.5.25 lakh to a person, who was cheated by cyber fraudsters under the pretext of stock trading, promising substantial profits.

A complaint was received from a 37-year-old business man from Hyderabad, stating that the cyber fraudsters had cheated him under the pretext of stock trading. The fraudsters made him transfer an amount of Rs.7.



25 lakh to bank accounts provided by the accused. Following the complaint, the cybercrime police registered a case under provisions of BNS and initiated an investigation. The police took efforts to send notices to bank officials, followed up with them to freeze the fraudulent amount, and guided the complainant to file a petition in court for the refund of the amount held in the fraudulent accounts to the complainant’s bank account.

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