Hyderabad, 28 July
Hyderabad Businessman Duped of Rs 3.10 Crore in Fake Mobile App Development Scam
A businessman from Hyderabad was allegedly duped of Rs 3.10 crore by a group of unidentified individuals who promised to develop a customised mobile application for his business but failed to deliver the project despite receiving the money in multiple instalments.
According to the complaint, the accused allegedly approached the businessman claiming to have the expertise and resources required to develop a customised mobile application. They reportedly discussed the project with him and sought payments at different stages for its development.
Trusting their assurances, the businessman transferred a total of Rs 3.10 crore to the accused over a period of time. Hyderabad Businessman Duped of Rs 3.10 Crore in Fake Mobile App Development Scam
However, despite receiving the payments, the promised mobile application was allegedly not completed or handed over to the businessman within the agreed timeframe.
When the complainant reportedly contacted the individuals and demanded that they either complete and hand over the application or return the money, they allegedly stopped responding to his calls and messages.
The businessman subsequently suspected that he had been cheated and approached the Hyderabad Cyber Crime Police with a complaint. Hyderabad Businessman Duped of Rs 3.10 Crore in Fake Mobile App Development Scam.
Based on the complaint, Cyber Crime Police registered a case and launched an investigation into the alleged fraud.
Police are examining the financial transactions made by the complainant, agreements and communications related to the proposed mobile application, along with other documentary evidence. Investigators are also working to trace the individuals involved and establish their respective roles in the alleged scam.
The police are expected to examine the bank accounts through which the money was transferred as part of the investigation.
The case highlights the risks involved in making large payments to unknown individuals or entities for software and technology projects without adequate verification, formal agreements and safeguards.
The investigation is currently underway, and further details are expected to emerge as police trace the suspects and examine the financial trail.