Hyderabad, Jul 31: The team of Cyber Crime Police of CCS, Detective Department, Hyderabad arrested a person for cheating to the tune of Rs one crore in the guise of bonus on insurance policies.

Police seized one laptop, five mobile phones, 12 Debit Cards of different banks, five Bank Cheque books of different banks, two stamps, and one Passport from his possession.

On credible information, Cyber Crime Police arrested Rahul Singh Chandel (31) of Vaishali, Ghaziabad for the offense, a police release here said today.

A complaint was lodged by a citizen of Aghapura here on July 14 and The facts of the case are that, stated that in the year 2015, he received a phone call from a person who introduced himself as K P Ahuja working in a finance company, Delhi and he informed him that if he makes some insurance policies with him, he will give him 200 shares of the coal company and this would become Rs 80 lakhs.

He gets the shares free as he is working in a Finance company as a bonus. He believed his version and paid amounts for taking insurance policies. He transferred an amount of Rs.25 lakhs at different dates to different bank accounts as directed by Ahuja.

Later, he received two policies of Exide Life Insurance, one policy of Reliance Life Insurance and one policy of another company which he didn’t remember exactly. The transfer of the above said amounts continued up to 2016. Later, the mobile phone of Ahuja was switched off. Later different persons called him and informed him that he would get huge amounts as he got insurance policies with Ahuja.

In the year 2017, Ajay Agarwal called him and convinced him to transfer amounts of Rs 17.5 lakh. Later in the year 2018 to 2021, he transferred Rs 60 lakhs approximately to various bank accounts as directed by the fraudsters. Till now he has transferred more than Rs one crore and still they are demanding more money. Hence requested to take necessary action. (UNI)