Harvard alumnus dupes businessmen, including KomatiReddy’s brother, of Rs 150 crore

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The cyber crime department of Hyderabad Police has arrested a Harvard University alumnus for allegedly duping businessmen of over Rs 150 crore.

Based on a complaint lodged by Komatireddy Narsi Reddy, brother of Congress MLA in Telangana Komatireddy Venkat Reddy, accused Boaz Augustin was arrested by the sleuths of Hyderabad Police on Tuesday from Chennai.

Sources said at least 30 big businessmen were duped of over Rs 150 crore by the Harvard alumnus in a similar manner. Police have written to banks, requesting them to freeze his accounts.

Here is all you need to know about the case:
  1. In his complaint, Narsi Reddy, who is the managing director of M/s Sushee Ventures Pvt Ltd, said Augustin, chief managing director of M/s Borg Energy India Pvt Ltd, duped him of Rs 1.38 crore by promising to build a solar power project.
  2. “Seven cases are registered against Boaz Augustin in Hyderabad in Telangana, Bhimavaram, Tanuku and Visakhapatnam in Andhra Pradesh, and Chennai and Madurai in Tamil Nadu,” said Swati Lakra, additional commissioner of police.
  3. The officer said there are still others who have not yet approached police. “He has palatial houses and several luxury cars in Chennai and Madurai. There have been previous attempts to nab him,” the additional commissioner of police said.
  4. The accused, Boaz Augustin alias David Boaz, introduced himself to his “clients” as the chairman and managing director of Borg Energy India Private Limited. His targets were businessmen across the country.
  5. He had created websites in the name of borgenergy.com and borgsolar.com with fake information regarding the projects his company had worked on across India.
  6. To make the deal attractive to his victims, he offered them 90 per cent of the loan amount through his company Borg Capital Private Limited.
  7. After being duped of crores of rupees by the Harvard alumnus, some businessmen reached out to each other through a WhatsApp group and decided to raise an alarm.

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