Hyderabad Cyber Crime Unit recovered ₹9.5 lakh from fraudsters who tricked a businessman with a fake business fraud opportunity fraud. Authorities warn against upfront payment scams and advise verifying company legitimacy.

A businessman who was defrauded by cybercriminals was successfully refunded ₹9,50,531 by the Hyderabad City Cyber Crime Unit.

The police emphasized that the likelihood of recovering lost money can be increased by reporting such fraud right away. To receive assistance, victims can call the cybercrime helpline 1930 or visit cybercrime.gov.in.

According to the police, a 32-year-old complainant in this case was tricked into sending the money to bank accounts that the scammers had offered under the guise of a business fraud opportunity.

Inspector K. Prasada Rao headed a squad that located and detained the accused in Sector-7, Dwarka, New Delhi, together with SI Abhishek, HC Satish, and PCs Srinivas Reddy and Kranthi Kumar Reddy. A demand draft was used to successfully return the whole money to the victim.

Authorities have issued warnings to entrepreneurs about fraudulent schemes in which fraudsters demand upfront fees for website construction, ISO certification, and registration in exchange for lucrative business fraud negotiations. It is advised that victims check the legitimacy of the company, refrain from making sizable upfront payments, and be wary of unsolicited offers.