Hyderabad, March 25 -- A 28-year-old man has been arrested in connection with a stock trading fraud that duped a Hyderabad-based civil engineer of over Rs 20 lakh.

The accused has been identified as Himanshu Swam, an accountant from Gurugram, Haryana. He has been involved in at least 43 cases across India, including six in Telangana. His arrest follows a complaint from a 49-year-old victim who was lured into investing in stocks through a fraudulent WhatsApp message.

According to reports, the victim was added to a WhatsApp group where he was given stock investment advice and promised triple returns. Initially, he invested a small amount and was able to withdraw profits successfully through the Alptrade platform. Later, he continued trans...