Anand, the city cyber-crime police was investigating a complaint by a Tarnaka resident who lost ₹1.60 lakh on LOXAM, an investment application. As it was a complicated case, he said, central agencies such as the Enforcement Directorate and the Directorate of Revenue Intelligence would be apprised.Īccording to Mr. Anand said the police were able to freeze ₹1.91 crore worth funds in various bank accounts. Presenting the case details and 10 accused persons, including a Chinese and a Taiwanese national, before mediapersons here on Wednesday, Mr. They were then transferred to further more accounts via virtual route till they reached the AMCs bank account, from where the currency was exchanged, and ultimately the value transferred out to Chinese organisers through a hawala route, Police Commissioner C.V. The money first invested by a customer over a phone application on the promise of higher returns was being collected in a bank account. The fraudulent transactions were to the tune of ₹441 crore in seven months and ₹462 crore within 38 days in the two respective accounts, it said. Joint Commissioner of Police (traffic) AV Ranganath, and other officers accompanied the Hyderabad Commissioner during the visit.The Hyderabad City Police on Wednesday said it has busted a Chinese investment fraud that was locally being operated by RBIs Authorised Money Changers. All the establishment owners were being sensitized to keep the carriage way clear by providing park space. The general public was advised to commute the public transport systems in lieu of personal vehicles, he felt.Īnand reiterated that the commuters must stop at the ‘Stop’ line on noticing the signal turning green to orange. He urged the public representatives to cooperate with the traffic police during enforcement and VIP movements. CV Anand said that more special drives will be initiated to keep a check on traffic violations including triple riding, cell phone riding, wrong side driving etc, which will also go a long way to bring order on the city roads. “To reduce congestion on roads, we have started this special drive to clear the encroachments and obstructive parking,” he said.

He asked the citizens to understand the seriousness of the situation and voluntarily cooperate with police to ensure free flow of traffic. Later, interacting with the media, CV Anand said that the steep rise in population and increase of personal vehicles during the Covid pandemic, the city now faces a serious situation of traffic jams at all junctions.

Hyderabad: Man sets ablaze two wheeler after police stop for wrongside driving.

Hyderabad city police