Telangana: Former HC Judge Duped Of Rs 2.5 Crore In Electoral Bonds Fraud

In exchange for the money, the former judge was assured that the individual would facilitate job opportunities for his grandchildren in the United States.

Police have confirmed that an investigation into the matter is underway.

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New Delhi: A former High Court judge in Hyderabad was allegedly duped of Rs 2.5 crores by two individuals who purportedly claimed they would issue bonds. The case has been officially registered with the local police, news agency PTI reported.

According to the complaint lodged with the police by the former judge, who has served in both the Andhra Pradesh High Court and Allahabad High Court, one of the accused, known to his relatives, approached him in 2021. Allegedly, this individual requested a sum of money in the name of a political party, promising that it would be acknowledged through bonds. Subsequently, the person sent an associate to collect the specified amount, PTI reported.

In exchange for the funds, the former judge was assured that the individual would facilitate job opportunities for his grandchildren in the United States.

The First Information Report (FIR), filed at the Film Nagar police station, delineates the sequence of events and has invoked relevant sections of the Indian Penal Code.

The complaint, as stated in the FIR, reads, "Believing his words, my daughters and wife have sent a total sum of Rs 2.5 crores (to the person) during 2021 through bank transfers. But, after collecting the huge amount neither have any bonds been issued to us in spite of my requests, nor was any favour done to me or to my grandchildren in the US."

Police have confirmed that an investigation into the matter is underway.

In a separate incident, the Navi Mumbai police arrested seven individuals for allegedly duping a 37-year-old man of Rs 60,000 under the guise of exchanging Indian currency for foreign currency, PTI reported.

The incident took place on February 23 in the Vashi area of Maharashtra's Navi Mumbai township.

Assistant Police Inspector Pawan Nandre said that the perpetrators contacted the victim, a mobile repair shop proprietor from Kurla in Mumbai, and arranged to meet him near a lodge in Vashi. They purportedly offered to exchange US dollars for Indian currency.

Subsequently, the victim handed over Rs 60,000 to the accused. However, they failed to provide him with the promised foreign currency in return, Nandre added.