Cyber ​​Fraudsters: 2 cyber fraudsters arrested in Hyderabad for financial fraud | Hyderabad News

August 9, 2024 Vaseline blog 0

Cyber ​​Fraudsters: 2 cyber fraudsters arrested in Hyderabad for financial fraud | Hyderabad News

Hyderabad: Two natives of Rajasthan were arrested by Telangana Cyber ​​Security Bureau for their alleged involvement in financial frauds by luring investors with a promise to give higher returns.
Accused Nanda Kishore and Deepak Vaishnav, who are residents of Beawar district, set up an office under name Salasar Trading Company in Basheerbagh to open a bank account in Bandhan Bank, SR Nagar. When officials conducted physical verification, they found company was non-existent at the said location.

“The accused operated the bank account from Beawar and lured the victim, Gajengi Sathaiah, of Karimnagar through a WhatsApp group named ‘Stock Market’ and a website. Sathaiah was convinced to invest in the share market,” TGCSB officials said.
Sathaiah believed the claims of the accused to be true and transferred Rs 46 lakh in online transactions. Subsequently, the accused denied him access to the fraudulent website, and it was then he realized that he had become a victim of cyber fraud. The two arrested accused were brought to the city on a transit warrant. Police found that the accused were involved in 23 cases registered in various parts of the country.

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