A complaint was received from a private employee aged about 52 years, in which he stated that cyber fraudsters cheated him with promises of profits from trading in an institutional account on “Lazardoosvip.Top”, which at determined to transfer an amount of about Rs.1.22 million. bank accounts provided by fraudsters, police said.

In response, the cyber crime police registered a case under Sections 66(C), 66(D) of the IT Act and Sections 319(2), 318(4), 338, 336(3) and 340(2) from the CPI.

Inspector K. Madhusudhan Rao and his team, under the supervision of DCP Cyber ​​​​Crimes D. Kavitha, worked diligently to solve the complaint. The team issued notices to the bank officials, seeking freezing of the fraudulent accounts and directed the complainant to file a petition in court to recover the withheld funds.

After obtaining court rulings that authorized the restitution of the amount, the police returned 1.05 million lei to the victim’s account.

In an advisory, Hyderabad Police Commissioner CV Anand asked people to beware of fake investment advertisements appearing on various social media platforms, promising high returns with low risks.

“Never believe promises of huge profits and fake profit screenshots. Don’t fall for these scams! Always use SEBI approved apps for investment. Always consult a SEBI registered financial advisor before investing. Fraudsters will credit a small amount to the victim’s account to gain the victim’s trust and also allow the amount to be withdrawn,” he advised.

It is possible to get a refund of at least part of the amount lost and “Put on Hold” if it is reported immediately. Victims of such cyber fraud can report immediately by calling 1930 or