Two distinct cyberfraud cases in Hyderabad city resulted in the recovery and restoration of a sum of Rs. 1.09 crore to the victims. When victims were duped by cybercriminals into investing in trading and receiving huge earnings, the City Cybercrime Police seized a sum of Rs 1,09,10,000 crore.
In the first case, a 52-year-old Begumpet private employee was defrauded by cybercriminals who pretended to be internet traders and promised large returns. In another case, cybercriminals deceived a 62-year-old man under the guise of investment by guaranteeing enormous returns.
After realizing they had been duped, the victims filed complaints with the City Cybercrime Police.
“The cybercrime teams sent notices to the banks concerned and followed up with the authorities. They requested to freeze the amount and guided the complainants to file a petition in the court for the refund of the ‘Put on Hold’ amount in the fraudulent bank accounts,” stated a top official on cybercrime. Additionally, the victims’ bank accounts received their money back from the courts through rulings issued a few days later.
Commissioner of City Police CV Anand warned the public not to trust individuals posing as legitimate businesses on unrecognized platforms who promise quick and enormous profits.
“Do not invest in such platforms and fall prey to cyber fraudsters. There is a possibility to get a refund of at least part of the lost and ‘Put on Hold’ amount if it is reported immediately,” he said.
The national cybercrime reporting platform, cybercrime.gov.in, or the helpline number -1930 are two ways that victims of cyberfraud can report.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
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