Hyderabad man loses Rs. 2.38 lakh in job fraud case; 2 held in investment racket of over Rs 4.5 crore

The Hyderabad Cyber Crime Police have arrested two people who have been involved in 42 cases of investment fraud.

The accused have been identified as Abdullah Farook Zhunzunya (19), from Surat in Gujarat, and Mohammed Sohyab Bablu Khan (27), from Mumbai.

The investigation began after a Hyderabad resident filed a complaint about falling victim to a cyber fraudster. The victim received messages through WhatsApp and Telegram, which lured him with a part-time job to work from home. The fraudsters initially sent Rs. 500 as a bonus to gain the victim's confidence. Later, they coerced the victim into investing money, eventually swindling an amount of Rs. 2,38,405.

The Cyber Crime Police in Hyderabad registered a case under U/s 66(C), (D) IT Act & Sec 419, 420 IPC and conducted a thorough investigation.

The accused individuals, Farook Zhunzunya and Bablu Khan enticed people with the promise of a part-time job, sent an initial Rs. 500 as a bonus, and then persuaded victims to invest money. The accused used fake bank accounts provided by others to carry out fraudulent transactions. The investigation uncovered a total credit of Rs 4.5 crores in a single account. Similarly, the above accounts were involved in 42 cases, of which six were registered in Telangana State. In Hyderabad City, three cases of total money defrauded of Rs 1.2 crores, in Rachakonda, one case of defrauded amount of Rs 65 Lakhs, in Cyberabad, total two cases defrauded amount of Rs 10 Lakhs.

The investigative team, led by Inspector of Police S. Naresh, operated under the direct supervision of ACP Cyber Crime R.G Siva Maruthi.

DCP Cyber Crime Dara Kavitha strongly cautioned the public not to trust individuals posing as job providers, especially those who lure job seekers into investment schemes, leading to financial exploitation and fraud.