Cybercrime Police Arrest UP Man For Duping Private Employee To Tune Of Rs. 14.6 Lakh In Trading Scam
Hyderabad, April 1 (Maxim News): The Hyderabad Cybercrime Unit arrested a man from Uttar Pradesh in connection with the stock trading fraud wherein, a 32 year-old private employee from the city was cheated to the tune of Rs. 14.6 lakh by promising good returns in stock market trading.
The arrested person, Shiva Shankar (27), is a data entry operator from Noida in Uttar Pradesh. He is involved in two cases across India, including one in Telangana.
According to the police, Shiva Shankar along with his associates, sent bulk messages to people on social media platforms offering triple the profits in a short time for investments in stock market trading.
“Initially, they show huge returns in their stock market trading mobile application and also allow partial withdrawal. Showing virtual profits, they lure the victims into investing more. Once the investment is done, they block the withdrawal option and cheat, said a Cybercrime official.
The 35 year-old victim, who fell to their promises, transferred the amount to the bank accounts provided by the scammers who claimed that his investments were in bulk stocks and IPOs, which would yield a huge profit of at least 20 per cent on his invested capital
However, when he tried to withdraw his profits, they demanded that he deposit an additional amount. At this point, he realized it was a scam and demanded a refund. He attempted to contact them via phone and messages, but they did not respond.
Based on his complaint, the Cybercrime police booked a case and with the help of technical evidence, identified and nabbed him.
Victims of cybercrime can get immediate help by dial 1930 or visiting cybercrime.gov.in (Maxim News)
Next Story:
Mamata Banerjee And Suvendu Contest Babanipur Again
![Mamata Banerjee And Suvendu Contest Babanipur Again]()
Mamata Banerjee and Suvendu Adhikari to contest again from Babanipur seat as West Bengal Assembly elections promise a high-stakes political battle.
Mojtaba Khamenei Revenge No Ceasefire Stance Clear
![Mojtaba Khamenei Revenge No Ceasefire Stance Clear]()
Mojtaba Khamenei rejects ceasefire proposals and stresses revenge against the US and Israel, signaling continued tensions and ongoing conflict.
No Oil, No Problem: Synthetic Petrol From Air And Water
![No Oil, No Problem: Synthetic Petrol From Air And Water]()
Beijing/Internet/Hyderabad, Mar 19 (Maxim News) After the start of the war against Iran, the world is facing an oil crisis. Countries like China are making intensive efforts to find alternatives to traditional fossil fuels. In this context, a Shanghai-based startup company called ‘Carbonology’ has announced that it has found a low-cost method to produce ‘synthetic…
God Will Take Care Of It! Minister Azharuddin Key Comments
![God Will Take Care Of It! Minister Azharuddin Key Comments]()
Hyderabad, Mar 19 (Maxim News): Minister Azharuddin made key comments on the post of MLC. When reporters asked Azharuddin in the Assembly lobby on Wednesday when the post of MLC would come, he replied that it would come. Immediately, the reporters asked, ‘How will it come? There is only another month left..?’ He replied, ‘Ooper…
Iran Attacks On Key Oil Fields Of Saudi And Qatar
![Iran Attacks On Key Oil Fields Of Saudi And Qatar]()
Internet/Hyderabad, Mar 19 (Maxim News): Iran is carrying out airstrikes targeting oil storage facilities in Gulf countries. Iran, which has already attacked oil storage facilities in the UAE and Qatar, recently attacked oil refineries belonging to Saudi Aramco at the Red Sea port of Yanbu, the main city of Saudi Arabia. However, Aramco representatives said…
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
