01/08/2025
CYBER CRIME UNIT HYDERABAD ARRESTED ONE ACCUSED PERSON IN BUSINESS OPPORTUNITY SCAM..
Hyderabad Cyber Crime Police apprehended one accused person in Cr.No.1004/2025 from North West Delhi by name Paras Singla, Age: 29 years, who is involved in Business-to-Business (B2B) Import and Export Opportunity Scam where the fraudsters posed as legitimate facilitators for B2B projects and used a bogus company (ACES TRADING) to deceive the victim.
Accused Person Details:
A-1: Paras Singla, Age: 29 yrs, Occ: Business, R/o: North West Delhi.
A-2: Mahesh Singla (Absconding)
A-3: Lakshya Verma (Absconding)
CASE FACTS:
The victim was contacted by Lakshya Verma of TRADE FUNDAMENTAL PRIVATE LIMITED, New Delhi, who offered to facilitate B2B import/export of spirulina powder. Lakshya Verma introduced a purported Hong Kong-based company called ACES TRADING, which was later found to be bogus. The fraudsters induced the victim to transfer over ₹1.11 crore (₹1,11,33,501) under the pretext of various "charges" for a B2B project, promising a full refund upon order finalization. The victim realized the deception when ACES TRADING was found to be non-existent and subsequent promises of refunds by the fraudsters were not honored.
Sd/-Addl. Commissioner of Police
Crimes, Hyderabad.