Hyderabad man duped of Rs 7.96 lakh by cyber fraudsters

Hyderabad: A Hyderabad-based businessman was duped of Rs 7.96 lakh by fraudsters, who on the pretext of supplying products for his business, cheated him, the police said. The victim, K Rajesh, was in the business of animal feed and pesticides. A few days ago, one Srinivas, who worked with Rajesh, collected a phone number of […]

Hyderabad: A Hyderabad-based businessman was duped of Rs 7.96 lakh by fraudsters, who on the pretext of supplying products for his business, cheated him, the police said.

The victim, K Rajesh, was in the business of animal feed and pesticides. A few days ago, one Srinivas, who worked with Rajesh, collected a phone number of a supplier from the internet and contacted the company. He placed an order for concentrated molasses and a woman took down the details of place of supply and quantity required.

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“Afterwards, she told Srinivas to transfer money into a bank account. Rajesh transferred Rs 7.96 lakh to the accounts as told by the woman,” Hyderabad Cybercrime officials said, adding that when the company did not supply the products as promised and the company’s contact number became unavailable, Srinivas went to the company office after tracing the address as mentioned in the online advertisement.

“The company management said they had not taken any such order and that the advertisement was not issued by them,” the police said, adding that a case was booked and investigation was on.