Telangana man arrested for cheating Chennai businessman of ₹12.7 lakh in IOC tender fraud
A 33-year-old man from Telangana was arrested by Chennai police for his role in an online fraud scheme involving a fake Indian Oil Corporation tender. The accused provided his bank account to facilitate the transfer of ₹12.7 lakh from a businessman, receiving a commission for his involvement.
Why it matters
This case highlights the growing prevalence of sophisticated cyber-financial crimes targeting businesses through impersonation and fraudulent government tender schemes.
A 33-year-old man from Telangana was arrested by the Greater Chennai Police in connection with an online fraud case, in which a Chennai-based businessman was allegedly cheated of ₹12.70 lakh on the pretext of paying a security deposit for an Indian Oil Corporation Limited (IOCL) tender.
According to the police, the complainant, Jayanthi Babu (35), a resident of Krishna Industrial Estate in Vanagaram, Chennai, stated that he was contacted by an unidentified person on March 11, 2026, who claimed that Indian Oil Corporation Limited was set to float a tender worth ₹4 crore for the installation of automatic doors.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in