Arrested Two Accused Involved In Investment Fraud
Hyderabad, March 21 (Maxim News): Hyderabad Cyber Crime Police arrested two accused persons 1) Gadila Sai Goud, and .2) Shilamkoti Sai Kumar, both residents of Sangareddy. who cheat the innocent Public on the pretext of giving tips to buy stocks from the Stock Market to get huge Profits and seize mobile phones.
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According to R.G Siva Maruthi, ACP, Cyber Crime PS, Hyderabad. it is said that a complaint was received from victim R/o Balkampet, Hyderabad stating that the Cyber fraudsters contacted him through Instagram Telegram applications by saying provide tips and Guidance on how to invest in the stock market and get huge profits in the name of SEQUOIA CAPITAL BUSINESS SCHOOL and lured an amount of Rs. 58, 66,000/- and made him transfer the money into the bank accounts provided by them.
The accused Gadila Sai Goud and Shilamkoti Sai Kumar colluded with Cyber fraudsters and cheated innocent people by providing tips in the stock market to get profits and doing Binance Crypto Exchange. Initially Accused persons by the name of Pinku and Sharath colluded with the remaining accused persons and promised to pay an additional 5% of the commission if accepted to do transactions of trading of Binance Crypto Exchange P2 on every USDT, whereas they used to receive INR and get some profits. Similarly, all the accused committed fraud of about Rs. 13 Crores, for which as many as 45 cases were registered all over India, of which 03 Cases were registered in Telangana State.
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The team headed by Inspector of Police S. Naresh along with team SIs K. Bhavani and A. Shailendra, HCs Md. Feroz, Mahesh, and PC Raghu of PS Cyber Crime under the direct supervision of R.G Siva Maruthi, ACP, Cyber Crime PS, Hyderabad have cracked the case. (Maxim News)
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