Hyderabad, Aug.29 (NSS): Cyberabad police have arrested four cyber criminals from Rajasthan and Uttar Pradesh for allegedly siphoning off crores of rupees in the name of investing and trading through market box app.
Cyberabad Police Commissioner M Stephen Ravindra said that Rs 9.81 crore has been recovered from the accused. This is the first time that such a large amount of cash has been recovered,” he said, while revealing the details of the case to the media on Monday.
“Innocent people are being cheated in the name of business and investment through the Market box app. Four of the 10-member gang have been arrested.Common people were convinced that they would get double returns from the investments.A person invested Rs 62 lakh and lost Rs 34 lakh.
About 3,000 people have subscribed to the app.However, The market box app is not registered with SEBI,” the Cyberabad police chief said.
He also urged people not to believe in phone and mail messages in the name of banks and investment apps. (NSS)
Next Story :
Srisailam Devi Sharannavaratri Celebrations Begin
Srisailam/Hyderabad, Oct 11 (Maxim News): The Devi Sharannavaratri celebrations began at the Sri Bhramaramba Mallikarjuna Swamy Temple in Srisailam on Sunday, October 11. The ten-day festivities will continue until October 20, coinciding with Vijayadashami. Temple Board Chairman Pothugunta Ramesh Naidu and Executive Officer Srinivasa Rao performed the initial pujas at the Sri Bhramarambika Devi Temple…
Data Privacy, Security Key to AI and Data Centres: Sridhar Babu
Hyderabad, Oct 11 (Maxim News): Telangana IT and Industries Minister D. Sridhar Babu has stressed the importance of data privacy, cybersecurity and responsible artificial intelligence (AI) use. He made the remarks on Sunday while inaugurating the Billions AI Center in Hyderabad. He said security and privacy must remain key considerations when establishing data centres and…
Youth Stabbed During Golconda Dargah Urs Celebrations
A Golconda knife attack during Dargah Urs celebrations left Mohammed Rahim critically injured. Police reportedly caught one accused and are searching for another.
CJP Protest: Supreme Court Urges Centre To Restore Metro Services
CJP Protest | The Supreme Court urged the Centre to restore metro and internet services and remove unnecessary barricades amid CJP protests in Delhi.
Devotees Throng Temples Across India on First Day of Navratri
Delhi/Hyderabad, Oct 11 (Maxim News): Thousands of devotees visited temples across India on Sunday, October 11, as Shardiya Navratri began with prayers, rituals and religious celebrations dedicated to Goddess Durga.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
