HYDERABAD: A businessman, who was once looking for finance to arrange an industry Visakhapatnam was once duped by four individuals, by sending him Rs 60 crores price fake bitcoins. The four accused were arrested by Cyber Crime wing of Cyberabad police on Saturday.
In a press be aware, Cyberabad police mentioned four individuals - Vasi Reddy Radha Rani, Ponnapati Praveen Kumar Reddy, Ponnapati Prakash Reddy and Katari Konda Balaramudu - were arrested for duping Manesh S Yadav. The accused accrued Rs 35 lakh from Mahesh on the assurance of offering mortgage.
Balaramudu presented Radha Rani to the victim, who was once searching for large financial institution loans for his upcoming trade. Radha Rani confident him to facilitate Rs 180 crore financial institution mortgage by mortgaging his land paperwork. Radha Rani asked Mahesh to pay Rs 10 lakh to begin with. After taking the quantity, she informed Mahesh that she will be unable to give you the money in money and as a substitute she can provide bitcoins of face price Rs 60 crore. Mahesh fell for the entice and opened a Bitcon wallet on BTCJUST.com. For offering bitcoins, Radha Rani took a commission of Rs 25 lakh.
When Mahesh began the process to liquidate the bitcons, he realised that they were fake and he has been cheated. Praveen, a tool skilled who runs a Rs BPO at Punjagutta, had developed BTCJUST.com tool.
The four accused were arrested according to the mobile phone tracking details and banking transactions. The accused were sent to judicial remand and police are in the means of moving a petition in local court docket searching for their custody. Police seized Rs nine lakh money, one automobile, four cell phones and a computer from the ownership of the accused.
In a press be aware, Cyberabad police mentioned four individuals - Vasi Reddy Radha Rani, Ponnapati Praveen Kumar Reddy, Ponnapati Prakash Reddy and Katari Konda Balaramudu - were arrested for duping Manesh S Yadav. The accused accrued Rs 35 lakh from Mahesh on the assurance of offering mortgage.
Balaramudu presented Radha Rani to the victim, who was once searching for large financial institution loans for his upcoming trade. Radha Rani confident him to facilitate Rs 180 crore financial institution mortgage by mortgaging his land paperwork. Radha Rani asked Mahesh to pay Rs 10 lakh to begin with. After taking the quantity, she informed Mahesh that she will be unable to give you the money in money and as a substitute she can provide bitcoins of face price Rs 60 crore. Mahesh fell for the entice and opened a Bitcon wallet on BTCJUST.com. For offering bitcoins, Radha Rani took a commission of Rs 25 lakh.
When Mahesh began the process to liquidate the bitcons, he realised that they were fake and he has been cheated. Praveen, a tool skilled who runs a Rs BPO at Punjagutta, had developed BTCJUST.com tool.
The four accused were arrested according to the mobile phone tracking details and banking transactions. The accused were sent to judicial remand and police are in the means of moving a petition in local court docket searching for their custody. Police seized Rs nine lakh money, one automobile, four cell phones and a computer from the ownership of the accused.
Hyd: 4 held for cheating bizman of Rs 35 lakh
![Hyd: 4 held for cheating bizman of Rs 35 lakh]()
Reviewed by Kailash
on
July 01, 2018
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