9 held for extorting Rs 50L from businessman in Hyderabad
HYDERABAD: The Malakpet police , in collaboration with the South East Zone Task Force, on Tuesday arrested nine people on charges of extorting Rs 50 lakh from a businessman by posing as task force police.
Police officials recovered Rs 7 lakh cash, eight mobile phones, and three motorcycles from their possession. According to police officials, the accused orchestrated a complex scheme, posing as trust owners, promising the complainant, CSR funds from various firms. They convinced him to provide 50 % of the amount.
When fraudsters showed him a fake account with ₹6 crore CSR fund, the victim had informed them about arranging Rs 1 crore cash. The fraudsters then staged a fake police raid and extorted ₹50 lakh from the businessman.
Police officials recovered Rs 7 lakh cash, eight mobile phones, and three motorcycles from their possession. According to police officials, the accused orchestrated a complex scheme, posing as trust owners, promising the complainant, CSR funds from various firms. They convinced him to provide 50 % of the amount.
When fraudsters showed him a fake account with ₹6 crore CSR fund, the victim had informed them about arranging Rs 1 crore cash. The fraudsters then staged a fake police raid and extorted ₹50 lakh from the businessman.
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