Telangana man arrested for cheating Chennai businessman of Rs 12 lakh
- Accused from Telangana arrested in connection with fraud
- Businessman from Chennai lost Rs 12 lakh in the alleged cheating
- Police investigation underway, further details awaited
Chennai police have arrested a man from Telangana for allegedly cheating a city-based businessman of Rs 12 lakh. The arrest follows a complaint lodged by the victim, who claimed he was defrauded in a business deal.
How the fraud unfolded
The accused, whose identity has not been officially disclosed, reportedly gained the trust of the businessman through a purported business proposal. Sources suggest the two had been in contact for some time before the money changed hands.
Police said the accused convinced the victim to transfer Rs 12 lakh as part of an investment or supply arrangement. The amount was transferred via bank channels, after which the accused allegedly went incommunicado.
Complaint and investigation
The businessman approached the police after repeated attempts to reach the accused failed. Based on his complaint, a case was registered and a probe initiated.
Following technical surveillance and tracking of bank transactions, a team traced the accused to his native place in Telangana. He was taken into custody and brought to Chennai for further interrogation.
Investigators are now examining whether the accused was involved in similar frauds elsewhere. They are also verifying the documents and details he had shared with the victim.
Legal proceedings
The accused has been produced before a court, which remanded him to judicial custody. Police are likely to seek his custody for further questioning to uncover any accomplices.
Officials have not yet confirmed whether the entire amount has been recovered. They said efforts are on to trace the money trail.
Fraud cases involving online business deals have been on the rise in the city, with police urging people to verify credentials before transferring large sums.
In this case, the victim's prompt complaint helped authorities act quickly. The police have advised others to report such incidents without delay.
The investigation is ongoing, and more details are expected to emerge as the probe progresses.