1 week ago

Five Held in Adilabad Cyber Fraud Linked to 498 Complaints

Police in Adilabad arrested five people accused of running online scams.

The suspects allegedly used a fake fertilizer franchise website and a fake loan scheme.

They collected documents such as Aadhaar cards, PAN cards and bank details from applicants.

The group then allegedly demanded different fees from victims.

Police say nearly 498 complaints across India are linked to the suspects.

The alleged fraud amount is about Rs.3.5 crore.

One victim in Adilabad allegedly lost Rs.3.85 lakh while seeking a fertilizer franchise.

Police seized phones and cash, and froze some money invested in bank accounts and shares.

Key facts

Arrests: Five alleged inter-state cyber criminals were arrested and sent to judicial remand.
Linked complaints: Approximately 498 cybercrime complaints nationwide and around 90 in Telangana were reported against the accused.
Estimated fraud: Police suspected the accused of cheating people of approximately Rs.3.5 crore.
Alleged methods: Fake fertilizer-franchise offers and a fake “Bajaj Loan” scheme were used to solicit victims.
Adilabad victim: Akunuru Ganesh allegedly lost Rs.3.85 lakh after being promised a private fertilizer-company franchise.
Seized items: Police seized 10 mobile phones and Rs.70,000 cash.
Frozen funds: Approximately Rs.8 lakh invested in bank accounts and stock-market shares was frozen as per procedure.

deccanchronicle.com · 1 week ago