Hyderabad: The city cyber crime unit (CCCU) on Wednesday arrested a crook who duped a 55-year-old man of Rs 43,36,146 on the pretext of part time investment.
The accused identified as Pagadala Uma Mahesh, 33, a native of AP, confessed his involvement in eight cases across India and three in Telangana.
Mahesh, posing as an investor, claimed that he was an employee of Goldman Sachs and offered him assistance with financial trading, police said. Later, he advised the victim to register on the website (gsgfxau.vip) with a user ID and password.
The victim believed the fraudster’s advice and initially transferred Rs 40,000 via GPay as his first investment, Dara Kavitha, DCP, CCS, said.
The website allowed him to withdraw a portion of the profits, which led him to believe the process was genuine. Subsequently, the fraudster convinced him to become a VIP member by depositing Rs10, 00,000.
After collecting Rs 43, 36,146, the fraudsters demanded more money when the victim became suspicious and lodged a complaint with cyber police, the DCP said. The accused has been produced before the court for judicial remand.
