Hyderabad: The Hyderabad cyber crime police on Friday arrested two individuals for his or her alleged involvement in Rs.2.95 crore buying and selling fraud rip-off.
The arrested individuals – Sameer Hundekar and Deepak Sampath, each residents of Bengaluru – conspired to defraud victims by luring them with guarantees of big income from investments in pretend shares. On August 27, 2024, the cyber crime police acquired a grievance from a sufferer residing in Hyderabad.
The sufferer reported being added to a WhatsApp group named “Marval Capita”, which claimed to supply inventory market buying and selling ideas and was marketed on YouTube. The group showcased pretend income from inventory investments to lure victims.
The sufferer invested a complete quantity of Rs.2.95 crore in these pretend shares, which was then siphoned off into a number of financial institution accounts managed by the fraudsters, mentioned Deputy Commissioner of Police, Cyber Crime, Dara Kavitha at a press convention right here.
Following the grievance, the cyber crime police registered a case and took up investigation. Kavitha mentioned that Sameer Hundekar and Deepak Sampath collaborated with the first fraudster Ritesh Soni, who’s accused one (A1) and based mostly in Dubai. The duo opened a number of mule financial institution accounts and supplied banking credentials, together with cheque books, to Soni for the withdrawal of fraudulent quantities.
The fraudsters additionally included shell corporations, with mule account holders falsely listed as proprietors. The accused acquired a 5 per cent fee for every fraudulent transaction processed by means of these accounts.
The police seized a laptop computer, seven cell phones, 21 debit and bank cards, 18 cheque books, 4 shell firm stamps, three QR code scanners and 15 SIM playing cards from the possession of the arrested individuals.
In an advisory, the police cautioned the individuals to not imagine unknown individuals, who introduce themselves over social media platforms like Telegram, Whatsapp, Instagram and Fb providing them to put money into inventory marketplace for getting excessive returns and process oriented funding presents and to not put money into un licensed web sites which presents excessive returns on small investments.
