Hyderabad: Rs 62.46 lakh 'put-on hold amount' refunded to cybercrime victims in 16 cases

Hyderabad: Hyderabad Cyber Crime Police Station have processed a refund Rs 62,46,900 to victims of online fraud in 16 cases. The cases include various types of cybercrimes such as:

• Stock trading and Investment – 8 cases

• FedEx and money laundering – 6 cases

• Loan fraud – 1 case

• Impersonation Fraud – 1 case

Modus operandi

In stock trading and investment fraud, eight victims were cheated by fraudsters under the pretext of stock trading and investment promising substantial profits. As per court orders, the banks refunded an amount of Rs 12,16,773 to the victims.

In ‘FedEx’ and money laundering fraud, six victims were cheated by fraudsters under the pretext of FedEx/digital arrest. As per court orders, the banks refunded Rs 47,85,759 to the victims.

Under the pretext of providing a loan, one victim was cheated by fraudsters. As per court orders, the banks refunded Rs, 1,24,334.

Under the pretext of a company and its invoice, one person was cheated. As per court orders, banks refunded Rs 1,20,221.

Based on the refund orders by the Magistrate XII ACMM Court, Anusha and the efforts of the cybercrime teams, the respective banks refunded the amount to the victim’s accounts.

Public advisory

Don’t panic if you receive any threatening video calls claiming to be CBI, RBI, ED, Customs, Judges, cybercrime police, narcotics, FedEx, BSNL, TRAI etc. No government agency or law enforcement officials will make such Skype calls and demand money to clear the issue. There is no digital arrest and enquiry in the system.

Beware! Fake investment social media groups i.e. Telegram, WhatsApp, X, Instagram and Facebook are popping up everywhere promising high returns with little risk. Don’t fall for these scams! Always consult a SEBI-approved app for investment. Always ask a SEBI-registered financial advisor before investing.

If anyone becomes a victim of cybercrime fraud, immediately call 1930 or register at cybercrime.gov.in

There is a possibility of getting a refund of at least part of the lost and put-on-hold amount, if it is reported immediately. Victims of such cyber fraud can report immediately on the helpline number 1930 or cybercrime.gov.in.