Hyderabad Cybercrime unit busts Rs 1.11 crore import-export scam, one held

The Hyderabad Cybercrime Unit apprehended Paras Singla from North West Delhi in an import-export scam case involving fraudulent promises of business deals worth over Rs 1.11 crore.

Hyderabad: The Hyderabad Cybercrime Unit arrested one Paras Singla (29) from North West Delhi in connection with an import-export scam involving over Rs 1.11 crore on Thursday.

The case involves fake promises of business deals through a bogus Hong Kong company named Aces Trading.

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According to the police, the suspect, along with his absconding co-conspirators Mahesh Singla and Lakshya Verma, deceived a trader from the city by posing as representatives of a Delhi-based firm.

They lured him into paying large sums under the pretext of charges for an international trade deal. Once the payments were made, the suspects stopped responding and went absconding.