Hyderabad, April 18 -- The city's cybercrime officials have arrested Akash Varma, an electrician from Uttar Pradesh, for allegedly cheating a city-based investor out of Rs 1.4 crore by promising high returns on stock market investments.

According to police, Varma is a repeat offender involved in 30 cases across India, including four in Telangana.

The accused lured the complainant by sending a link and encouraging him to start investing small amounts, which gradually increased to substantial sums. Initially, the victim was shown apparent profits to build trust.

Subsequently, Varma and his associates demanded 10 percent of the total profit, prompting the investor to make further deposits, eventually totalling Rs 1.4 crore.

Once the vict...