Lost Amount Refunded to Victims
Hyderabad: City Cyber Crime Unit refunded an amount of Rs 8,46,227 to victims in two cases.
Police said a complaint was received from a 52-year-old female housewife from Hyderabad stating fraudsters cheated her under the pretext of financial fraud in the name of IBU Consulting Pvt. Ltd., UK, involving a job and work visa scam. The fraudsters convinced her to transfer an amount of ₹4, 22,560/-to bank accounts provided by the scammers/accused.
In this regard, the Cyber Crime Unit, Hyderabad, registered a case in Cr No 2039/2024 under Section 66(D) of the IT Act and Sections 419 and 420 of the IPC, and initiated investigation. Inspector K. Prasad Rao, along with Sub-Inspectors Yadagiri D. Shekar and R. Murali, sent notices to the bank officials and followed up to freeze the fraudulent amount. They also guided the complainant to file a petition in court for the refund of the funds held in the fraudulent accounts, ensuring the return of ₹4,22,560/- to the complainant’s bank account.
In another case Cr. No. 2958/2024, a 49-year-old housewife from Hyderabad was cheated by fraudsters under the pretext of a part-time job and investment scheme. They convinced her to transfer an amount of ₹7, 65,110/- to bank accounts provided by the scammers/accused. The Cyber Crime Unit registered a case in Cr. No. 2958/2024 under Sections 66(C) and 66(D) of the IT Act and Sections 419 and 420 of the IPC and initiated investigation.
Inspector K Prasad Rao, along with Sub-Inspectors Uma and D Shekar, made efforts to issue notices to the 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 held funds. Consequently, an amount of Rs4, 23, 667/- was secured for refund to the complainant’s bank account.
Police advised the public to be cautious about part-time job & investment frauds, and online job fake offers like - Work from Home, Google task rating, Click & Rate and Earn and so on. “Verify properly before accepting such offers and sharing your financial or personal details.
Scammers approach victims through various social media platforms i.e. Telegram, WhatsApp, X, Instagram, and Face book by advertising Fake investment apps / websites. Such schemes are fraudulent and do not have SEBI’s endorsement. Fraudsters are using simple tactics to lure gullible investors with promises of high returns and Fake profit screenshots. After, they will credit a small amount in the victim's account to gain the victim's confidence. Never believe the promises of huge returns.
The efforts of the Cyber Crime Unit, Hyderabad City, were appreciated by the Commissioner of Police, Hyderabad City.
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 on the helpline number 1930 or through the national cyber crime reporting portal cybercrime.gov.in.
