Hyd: Cyber Crime Unit arrests accused in stock trading fraud
Hyderabad, April 1 -- Hyderabad Cyber Crime Police have arrested a man from Noida, Uttar Pradesh, in connection with an online investment fraud case.
Police seized two mobile phones, four cheque books, and two debit cards from him.
Based on a complaint, the police apprehended Shiva Shankar (27), a data entry operator from Noida, for his involvement in the scam, a police statement said on Tuesday.
Shiva Shankar, accused in multiple cases across India, allegedly targeted victims through WhatsApp and social media, promising high returns on stock market investments. A 35-year-old private employee from Hyderabad fell victim to the fraud, losing Rs 14,63,046, after being misled into investing in fake IPOs and bulk stocks.
The scammers initially d...
To read the full article or to get the complete feed from this publication, please
Contact Us.