Thirteen people have been arrested for allegedly cheating an electronics retail chain in Hyderabad of Rs. 4 crore by using UPI as a mode of payment and then lodging a complaint with the bank to reverse the amount. Police have seized Rs. 1.72 lakh in cash and electronic goods worth overRs. 50 lakh.
Bajaj Electronics, which owns a chain of showrooms, had lodged fraud and cheating cases at multiple police stations in Cyberabad, Hyderabad, Rachakonda and other areas.