Bengaluru businessman tries to seal herbal oil deal, loses Rs 61 lakh | Bengaluru News – Times of India

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BENGALURU: A 53-year-old businessman lost Rs 61 lakh to cybercriminals while trying to procure online a herbal oil for cancer treatment.
East CEN crime police said they have registered a case of cheating against unknown miscreants based on a complaint filed by Ram Reddy (name changed) of Doddanekundi.
Police said the miscreants contacted Reddy through email and introduced themselves as representatives from a UK-based pharmaceutical company. They asked Reddy to supply them a herbal oil used for cancer treatment of animals. They lured him by promising to offer huge profit in the business. The miscreants convinced Reddy to procure the oil from Sai Traders Enterprises Pvt Ltd in India for a lesser price and supply the same to the UK firm to earn big profit.
Reddy approached Sai Traders through their website. A few minutes later, he received calls from two unknown numbers. The callers claimed they were from Sai Traders and promised Reddy they would supply him the oil he wanted. Believing them to be genuine, Reddy transferred Rs 61,49,000 to the bank accounts provided by the miscreants.
The fraudsters were in touch with Reddy between October 19 and November 17. They went incommunicado after receiving the money from him.
East CEN Crime police have registered a case under IPC sections 419 (punishment for cheating by personation), 420 (cheating) and sections 66(C) and 66(D) of Information Technology Act, 2000.



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Sagar Biswas

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