Summary:
Visakhapatnam: Victims of cybercrime in Visakhapatnam and other parts of Andhra Pradesh struggle to recover their lost money. At least 50%-70% of the cybercrime were related to financial frauds (online lottery, online job fraud, debit card skimming, matrimonial fraud and others). “He deposited Rs 1.32 crore in 50 instalments in over 25 bank accounts in order to claim Rs 9.7 crore in prize money. In 2017, the loss of property amounted to Rs 6.23 crore, while cops could recover only Rs 16.68 lakh. Though we nabbed a few of the accused in the case, the money recovered was, however, nominal..