The Hyderabad City Cyber Crime Police has successfully refunded a total of Rs. 1,09,10,000 to victims of cyber fraud in two separate cases. In one case, the victim received Rs. 80,00,000, and in the other, Rs. 29,10,000 was refunded. Both cases involved fraudulent investment schemes that promised high returns through trading.
In the first case, a 52-year-old private employee from Begumpet, Hyderabad, was tricked by scammers pretending to operate a trading platform called Lazardoosvip.top. The victim ended up transferring Rs. 1,22,26,205 to various bank accounts controlled by the fraudsters. The Cyber Crime Police investigated the matter under relevant sections of the IT Act and the Indian Penal Code.
The second case involved a 62-year-old man from Hyderabad who was duped by fraudsters claiming to offer investment opportunities in Goldman Sachs Securities. He transferred Rs. 32,10,000 to the scammers. The police registered this case and launched a similar investigation.
Inspector K. Madhusudhan Rao and Sub-Inspector P. Suresh, along with their teams, worked hard under the guidance of ACPs Shiva Maruthi, Chand Basha, and DCP Smt. D. Kavitha. They collaborated with banks to freeze the fraudulent accounts and helped the victims file court petitions to recover their money.
Their efforts were rewarded when the Additional Chief Metropolitan Magistrate, Sri Eswaraiah from the XII ACMM Court in Nampally, ordered the return of Rs. 1,09,10,000 to the victims’ accounts. This success highlights the effectiveness of the Hyderabad Cyber Crime unit in fighting cyber fraud.
The police have warned the public to avoid investing in unknown platforms that promise quick and large profits. They urge people to be cautious and not fall for such schemes.
If anyone falls victim to cyber fraud, they are encouraged to report it immediately. Complaints can be made through the helpline number 1930 or the National Cyber Crime Reporting Portal at cybercrime.gov.in. This increases the chances of recovering lost funds.
