Hyderabad: Cyber fraudster arrested for cheating man to tune of Rs 17 lakh
A cyber fraudster who cheated a man of Rs. 17 lakh on pretext of providing loans of Rs. 9 crore at one per cent interest rate was arrested
Hyderabad: A cyber fraudster who cheated a man of Rs. 17 lakh on pretext of providing loans of Rs. 9 crore at one per cent interest rate was arrested by the Rachakonda Cybercrime police on Thursday.
Ramesh Elumalai (38), a resident of Tamil Nadu had contacted the victim who is a resident of LB Nagar through WhatsApp and assured him a loan of Rs. 9 crore for business purpose at one per cent interest rate through a bank.
“After convincing the victim, the fraudster asked him to transfer Rs 9 lakh and Rs. 8 lakh to him on different instances towards processing fee and GST. Later, he stopped contact with him,” said ACP Cybercrime S V Hari Krishna.
On a complaint the police booked a case and caught Ramesh in Chennai. He was arrested and remanded. Previously, he was involved in cases registered at Cyberabad Cybercrime police station and KPHB police station limits.
