Four Involved In Investment Fraud Arrested In Hyderabad
Hyderabad, May 6 (Maxim News): The Cyber Crime Unit of Hyderabad police arrested four persons who are all linked to an investment fraud case.
Click Here To Join Us On WhatsApp
The arrested persons are Mangilal godara, Bajanlal alias Bajan, Kamlesh Kumar alias Mahesh Kumar and Prakash Chand, all residents of Suchitra in the city and natives of Rajasthan.
“The four persons opened bank accounts through fraudulent means and provided them to fraudsters who paid them a hefty commission on each transaction done,” Hyderabad police on Monday said.
Click Here To Join Us On WhatsApp
The officials explained that a total of 52 bank accounts of as many shell companies were opened by the cyber fraudsters and an amount of Rs. 16 crore collected from different victims was credited in those accounts.
The Cyber fraudsters duped many victims assuring huge profits over investment inthe online stock trade. Across the country 92 cases were registered against the fraudsters including 10 in Telangana.
The police seized 25 cheque books, 24 debit cards, six stamps of shell companies, 141 grams of gold ornaments, 12 mobile phones and a laptop. (Maxim News)
More Stories :
Maha Shivaratri Celebrations Sweep Telugu States
![Maha Shivaratri Celebrations Sweep Telugu States]()
Maha Shivaratri celebrations see huge rush at Shiva temples in Telangana and Andhra Pradesh as leaders extend greetings to devotees.
Devotee Dies of Cardiac Arrest In Mancherial
![Devotee Dies of Cardiac Arrest In Mancherial]()
Hyderabad: A devotee dies of cardiac arrest while trekking a hillock to have darshan of Sri Mallikarjuna Swamy at Velala village in Jaipur mandal on the occasion of the annual Maha Shivratri festival on Sunday. The incident occurred in Mancherial district and caused shock among fellow devotees. Here To Join Us On WhatsApp Police identified…
Om Birla To Attend Bangladesh PM Swearing In Ceremony
![Om Birla To Attend Bangladesh PM Swearing In Ceremony]()
Om Birla will attend the Bangladesh swearing in ceremony on February 17 as MEA highlights strong India Bangladesh ties after BNP victory.
India Power Capacity Rises By 52,537 MW
![India Power Capacity Rises By 52,537 MW]()
India Power Capacity rises by 52,537 MW in FY 25-26, with renewable energy driving record growth and total capacity crossing 520,510.95 MW.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
