A PhD scholar has been arrested in Hyderabad for allegedly cheating a Delhi-based man of around Rs 20 lakh by luring him into earning more money by completing online tasks, officials said on Sunday. The accused, Lakku Akhileshwar Reddy, a resident of Telangana, is pursuing a PhD in Business Management and also runs a flex printing business, police reported.
Deputy Commissioner of Police (Dwarka) Ankit Singh said, “A complaint was received at the National Cyber Crime Reporting (NCRP) portal where Akshay Kumar Singh, a resident of Dwarka in Delhi, stated that on November 23 last year, he received a message on the online messaging app Telegram about a part-time job.” According to the complaint, the accused asked Singh to create an account on a website for buying and selling cryptocurrency and assigned him some prepaid tasks.
“Following the instructions of the accused, the complainant invested Rs 20.16 lakh but was cheated. Upon receiving the complaint, an FIR was registered, and an investigation was taken up,” the DCP stated. During the investigation, bank account details were checked to trace the money trail, and the bank accounts were found to be registered in Telangana.
Following this discovery, a Delhi Police team reached Hyderabad and apprehended Reddy on July 11, the DCP officer confirmed. “Reddy disclosed that one Shiva is also involved in the crime. A hunt is on to nab the other accused,” he added. According to the police, five cybercrime cases were solved with Reddy’s arrest.
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