A complaint was received from a 52-year-old male victim, a private employee from Hyderabad. He reported that cyber fraudsters deceived him with promises of profits from trading in an institutional account on "Lazardoosvip," leading him to transfer an amount of approximately Rs 1,22,26,205 to bank accounts provided by the fraudsters.
In response, the Cyber Crime Police, Hyderabad, registered a case under Cr.No.1665/2024, invoking sections 66(C), 66(D) of the IT Act, and sections 319(2), 318(4), 338, 336(3), and 340(2) of the IPC.
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