Hyderabad, May 1 -- A 26-year-old driver, hailing from Maharashtra's Pune, was arrested by the Hyderabad cybercrime unit for duping a local resident of Rs 2 crore.

The accused, Gurjot Singh alias Gurudev Singh, is wanted in 16 investment cases across India, including two in Telangana.

According to a police statement, the victim, a 56-year-old, invested money in SAMCO Securities and IIFL apps, which the victim downloaded from social media.

At first, the victim invested small amounts of money, which showed him daily profits. Then, the victim was told that their profits would be added to their app wallet and could be withdrawn to their personal bank account.

The cybercriminals claimed the withdrawal would take 1 to 3 days, and a 6 percen...