Rs.10 crore from cyber criminals seized, four arrested
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 :
-
Minister Uttam Lauds Efforts For Lowest PDS Leakage, Plans Superfine Grain Supply
![Minister Uttam Lauds Efforts For Lowest PDS Leakage, Plans Superfine Grain Supply]()
Irrigation Minister N Uttam Kumar Reddy congratulated the Civil Supplies Commissioner and his team for achieving the lowest percentage of food grain leakage in the Public Distribution System (PDS) among all Indian states. The milestone was highlighted in a study conducted by the Indian Council for Research on International Economic Relations (ICRIER).
-
Massive Theft At Local Councillor’s House In Shankarpally
![Massive Theft At Local Councillor’s House In Shankarpally]()
Hyderabad, Nov 19 (Maxim News): Unidentified thieves broke into a house in Shankarpally, a suburb of the city, and stole a large amount of gold and silver ornaments. The theft took place at the residence of P. Balakrishna, a local municipal councilor, just days before his daughter’s scheduled wedding.
-
Tension Prevails As Man From Minority Community Eenters Temple
![Tension Prevails As Man From Minority Community Eenters Temple]()
Hyderabad, Nov 19 (Maxim News): Mild tension prevailed for a while at Anandnagar in Nagole on Tuesday morning when a man, allegedly belonging to the minority community, entered a temple and offered prayers.
-
Women JAC Leaders Stopped From Visiting Lagacharla
![Women JAC Leaders Stopped From Visiting Lagacharla]()
Vikarabad/Hyderabad, Nov 19 (Maxim News): Even a week after the untoward incidents in Lagacharla, restrictions continue to be imposed in the village and nearby villages. On Tuesday, members of a Joint Action Committee (JAC) of women’s organizations were denied permission to visit Lagacherla and Rotibanda thanda and speak to the aggrieved families.
-
Maxbien Pharma Row: BRS Leader Files ED Complaint Against Revanth’s Son-In-Law
![Maxbien Pharma Row: BRS Leader Files ED Complaint Against Revanth’s Son-In-Law]()
Delhi/Hyderabad, Nov 19 (Maxim News): In a significant development, BRS leader Manne Krishank has lodged a formal complaint with the Enforcement Directorate (ED) against Chief Minister Revanth Reddy’s son-in-law, Goluguri Satyanarayana, alleging financial irregularities linked to Maxbien Pharma. The ED acknowledged receipt of the complaint.
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
