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Hyderabad bizman duped by Rs 3 Cr by fraudsters posing as gemstone dealers
The Northlines
|10 JULY 2025
A Hyderabad businessman’s dream to invest in rare blue sapphires turned into a costly nightmare after he was duped of Rs 3 crore by fraudsters posing as gemstone dealers, Jammu and Kashmir Police said on Wednesday.
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Police helped the businessman recover Rs 62 lakh and have initiated legal proceedings to attach properties of the accused under Section 107 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), under which property can be attached and forfeited to restore the cheated amount to the complainant, according to officials.
This story is from the 10 JULY 2025 edition of The Northlines.
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