The Hyderabad City Cyber Crime Unit successfully helped a trader recover ₹ 5.25 lakh lost in a cyber fraud involving fake stock trading schemes.
In the said case, it was seen that the fraudster transferred Rs 7.25 lakh to the victim’s fraudulent account on the pretext of investing in ‘Goldman Sachs’. Inspector S. Cybercrime officials led by Naresh traced and froze the fraudulent funds, enabling partial recovery.
Meanwhile, police advised people to avoid unverified investment schemes and consult SEBI-registered advisers. Victims of cyber fraud can immediately report incidents by calling 1930 or visiting www.cybercrime.gov.in.
published – December 22, 2024 at 12:45 pm IST