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 :
-
CPI and CPM Join Uttam in Congress Campaign for Nalgonda Seat
![CPI and CPM Join Uttam in Congress Campaign for Nalgonda Seat]()
Top leaders of CPI and CPI (M) and their cadre on Thursday joined the Congress campaign led by Irrigation Minister N Uttam Kumar Reddy in Kodad in favor of Congress candidate K Raghuveer Reddy from Nalgonda Lok Sabha constituency.
-
Man Caught With Explosive Material In Medchal
![Man Caught With Explosive Material In Medchal]()
The Cyberabad Special Operations Team on thursday caught a man who was illegally possessing explosive material. The police seized gelatin sticks, wire bundles and switch boards from him.
-
Central Govt. Gave Rs. 10 Lakh Crore To Telangana In 10 Years: Kishan Reddy
![Central Govt. Gave Rs. 10 Lakh Crore To Telangana In 10 Years: Kishan Reddy]()
State BJP President G.Kishan Reddy said that the Central government has allocated Rs. 10 lakh crores to the State of Telangana in the last ten years.
-
Ihram and Other Accessories for Hajj at Mohammed Cap Mart in Hyderabad
![Ihram and Other Accessories for Hajj at Mohammed Cap Mart in Hyderabad]()
As the 2024 Hajj pilgrimage approaches, Hyderabadis can find everything they need for a comfortable journey at Mohammed Cap Mart (MCM) in the historic Pattargatti area.
-
Another Case Against KCR’s Brother Son Kanna Rao Of Anarchy
![Another Case Against KCR’s Brother Son Kanna Rao Of Anarchy]()
Hyderabad police have booked another case against former Telangana chief Minister K.Chandrasekhar Rao’s brother son Kalvakuntla Tejeshwar Rao alias Kanna Rao, who was arrested earlier this month in connection with an alleged land-grabbing scam.
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
