Cyberabad police recover ₹1 crore lost in ‘boss impersonation’ scam

The Cyberabad Cyber Crime police have recovered ₹1 crore allegedly lost in a "boss impersonation" scam, arresting a 37-year-old man named Deepak Kumar. The accused, a water-plant business operator from Lucknow, Uttar Pradesh, used a forged WhatsApp profile to impersonate the proprietor of a saree retail outlet. On August 4, the outlet's accountant mistakenly transferred the funds from the victim's Karur Vysya Bank account to an IndusInd Bank account under the fraudster's control.

Kumar was traced to Lucknow and arrested on August 8, followed by a court appearance and judicial custody. Within 10 days, the police secured and returned the entire amount to the victim. Police are investigating to identify additional suspects and trace the full money trail. Individuals who experience financial cyber fraud are advised to report the incident to 1930 or the National Cyber Crime Reporting Portal to aid in recovering defrauded funds.