Police bust gang for cheating via students\' US varsity fee

Hyderabad: The Hyderabad cybercrime police arrested three persons — Devarashetti Pedda Venkateshwarlu, his son Devarashetti Gautam and their associate Kohirkar Nitesh — for allegedly cheating 32 Indian students studying in universities in Canada and the USA of ₹2 crore.

Police said the accused offered to pay the semester fee of the students and gave them a discount. The fee was through fraudulent credit card transactions and generated payment receipts. Showing this, they collected money from the students’ parents.

The fraud came to light, when the students were informed by the university of fee dues. It was then confirmed that the payments made through fraudulent credit card transactions had failed.

Police said Gautam had gone to the USA for studies where he harvested details of students studying in the USA and Canada through WhatsApp groups. He contacted them and assured that he would pay their fees through his credit card and offered a 10 per cent discount.

The details of students who accepted the offer were sent to Nitesh, who sent the details to one Zibron of Dubai. Zibron paid the fee through his fraudulently obtained credit cards. After the students were given payment confirmation, their parents deposited the fee amounts in the bank account of Gautam’s father Devarasetty Venkateswarulu.

A part of this amount was transferred to Nitesh as commission. Nitesh after deducting his commission sent the rest in crypto form to Zibron.

( Source : Deccan Chronicle. )
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