Hyderabad, Jan. 6 -- The Cyber Crime team of Cybercrimes, Hyderabad City has arrested a key accused involved in a large-scale online trading fraud, in which a Hyderabad-based victim was cheated of nearly Rs 49.90 lakh.
The accused, Mohammed Ashfaq (33), a resident of Hyderabad and a general store operator, was apprehended following an investigation into a complaint lodged by the victim.
According to police, the victim was lured through a WhatsApp message by a woman identifying herself as "Meena Bhat," who claimed to represent the "86 DBS India Wealth Group Investment." The victim was subsequently added to a WhatsApp group and directed to a fake internal trading portal.
After initially investing Rs 2 lakh and being allowed to withdraw sma...