Hyderabad: Hyderabad cybercrime unit arrested two men from Ghaziabad, Uttar Pradesh, for their role in a ₹63 lakh insurance fraud targeting a 58-year-old Hyderabad resident. The accused posed as IGMS officials and lured the victim with a fake promise of reimbursement.
Hyderabad cybercrime unit arrests two accused for duping victim in fake insurance reimbursement scam
The arrested individuals, Devash Rastogi (31) and Jitendra Agarwal (32), supplied bank accounts for fraudulent transactions. They are involved in six similar fraud cases across India. One such case, Crime No. 454/2025, was filed at Hyderabad Cyber Crime Police Station under Sections 66C and 66D of the IT Act and Sections 318(4) and 319(2) of BNS.
According to police, the victim received a call from someone claiming to represent the Insurance Grievance Management System. The caller promised a reimbursement of ₹63.45 lakh and requested a 5% processing fee ₹3.17 lakh allegedly for NPCI clearance. Believing the scheme, the victim paid a total of ₹4.02 lakh in two transactions using an SBI credit card.
The fraudsters maintained contact through staged calls and used fake identities to build trust. They even showed virtual profits to encourage more payments. After collecting the money, they blocked the victim and stopped all communication.
Police recovered four mobile phones and three cheque books from the accused. The operation was led by Inspector P. Pramod Kumar, supported by SI Shaik Azeez and team.
Public Advisory:
To avoid such scams, citizens should always verify the identity of people offering financial reimbursements or investment returns. Avoid paying any upfront fees. Contact your insurance provider through official channels to confirm any claims. Report any suspicious activity immediately by calling 1930 or visiting https://cybercrime.gov.in.
