Hyderabad, July 29 -- Three individuals were arrested by the Cyber Crime Police of Central Crime Station (CCS), for cheating a resident of Hyderabad out of Rs 44,04,753 through a trading advice scam.

The accused, all hailing from Maharashtra, have been identified as Milind Manohar Narkar, 34, Ranak Jagadish Patel, 31 and Salik Imtiyaz Ahmed Siddiqui, 25.

The accused established contact with the victim by introducing themselves as trading advisors from 'Aveshta Study Group-W' and lured him in with promises of lucrative investment returns.

Then they coerced the victim into transferring funds into designated bank accounts. However, when the victim attempted to withdraw his accumulated profits, he was informed that he would have to pay a 2...