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Cyber Crime unit helps victim recover ₹5.25 lakh

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The Hyderabad City Cyber Crime Unit successfully helped a businessman recover ₹5.25 lakh lost in a cyber fraud involving fake stock trading schemes.

The case saw fraudsters deceive the victim into transferring ₹7.25 lakh to fraudulent accounts under the guise of investment with ‘Goldman Sachs’. Cyber Crime officials, led by Inspector S. Naresh, traced and froze the fraudulent funds, enabling a partial recovery.

Meanwhile, the police advised people to avoid unverified investment schemes and consult SEBI-registered advisors. Victims of cyber fraud can report incidents immediately by calling 1930 or visiting www.cybercrime.gov.in.

Published – December 22, 2024 12:45 am IST



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