Hyderabad Police Arrest Nine for Extorting Rs 50 Lakh
Major Bust: Police Recover Cash, Phones, and Motorcycles
Hyderabad police have made a significant breakthrough. They arrested nine individuals. These people were attempting to extort money from a local businessman. They posed as police officers. The Malakpet police collaborated with the South East Zone Task Force. Together, they apprehended the nine accused on Tuesday.
Items Recovered by the Police
- Rs 7 lakh in cash
- Eight mobile phones
- Three motorcycles
Understanding the Scheme
The accused devised a cunning plan. They pretended to be trust owners. They offered the businessman CSR funds from various firms. They demanded 50% of the amount upfront.
The fraudsters showed the victim a fake account. This account appeared to have Rs 6 crore in CSR funds. The victim told them he could arrange Rs 1 crore in cash. Then, the fraudsters staged a fake police raid. They extorted Rs 50 lakh from the businessman.
Step-by-Step Execution
First, they gained the businessman’s trust. They promised him a large sum of money. Then, they showed him a fake account. This made the victim believe he would receive Rs 6 crore.
Next, they asked for Rs 1 crore. The victim agreed. But then, they staged a fake police raid. They intimidated the victim. They forced him to pay Rs 50 lakh to avoid trouble.
Next Steps in the Investigation
The police are continuing their investigation. They aim to uncover more details. They want to ensure no one else falls victim to this scam.
This is a significant achievement for the police. They caught the criminals. They also recovered some of the money. This should help people feel safer.
