Online investment: Two held for cheating in Hyderabad
The suspects were identified as Adabala Srinivasa Rao (45), an accountant, and Narala Vijay Krishna (37), both residents of Hyderabad
Hyderabad: The Hyderabad police cybercrime unit arrested two persons who in collusion with Chinese nationals were cheating innocent people on the pretext of online investment using fake website.
The suspects were identified as Adabala Srinivasa Rao (45), an accountant, and Narala Vijay Krishna (37), both residents of Hyderabad.
According to the cybercrime police, the complainant got a link through WhatsApp with offers of work from home on commission basis. On opening the link, she was guided through Telegram to register on the website and asked to make a payment in the name of leading e-commerce websites, the police said on Sunday.
“When the victim paid the money, it was shown that she got some commission. But when she tried to transfer the amount, the same was not allowed and instead was asked to pay more money to withdraw the amount. Believing it, she ended up transferring a total of Rs 2.5 lakh. Later, she realised that she was cheated in the name of online investment,” the police said.
According to the police, some Chinese nationals contacted the suspects for creating fake companies and opening different current bank accounts, for which they were offered commission. After creating the companies and opening bank accounts, the accused shared the details of the same with the Chinese nationals over WhatsApp and emails.
“The Chinese nationals used the bank accounts to deposit the amounts from the victims on the pretext of various online investment businesses and work from home jobs through fake websites. Initially, when the victims pay the amount, they will be given small commissions and later insist them to pay more to get a huge commission. When the victims pay the amount through the fake websites, they block their access to withdrawal/claim the amount and further seek more payment for access to withdrawal of their amount,” the police said.
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