Hyderabad-based businessman cheated to tune of Rs 1.28 cr by cyber crooks promising automobile dealership

The fraudsters made the victim transfer the money within ten days under the pretext of registration, security deposit, no-objection certificate, etc., promising to provide a Kia Motors dealership.

Hyderabad: A city-based businessman was cheated by cyber fraudsters to the tune of Rs 1.28 crore who allegedly promised automobile dealership of a leading car manufacturer, using a fake website.

The fraudsters made the victim transfer the money within ten days under the pretext of registration, security deposit, no-objection certificate, etc., promising to provide a Kia Motors dealership.

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According to the police, the complainant from Ayyappa Society in Madhapur, is a businessman from the automobile industry is currently the Managing Director of a motor corporation.

While searching on Google for a Kia Motors car franchise, he came across a website named Kia Dealers India and entered his details believing it to be a genuine one. There, a person asked for his Aadhaar, PAN, land contract documents, rental lease and other details to set up a showroom through mail.

“The cyber fraudster collected a total of Rs 1.28 crore in eight installments under the pretext of registration fee, license, security deposit, NOC, insurance and stock booking,” said a police official.

When the fraudsters kept asking for more money, the complainant grew suspicious and enquired with the automobile firm and realised it was a fraud.

Based on a complaint, the Cyberabad Cybercrime police booked a case and took up investigation.