Hyderabad Cybercrime police arrest two from Delhi in investment fraud case

They have recently duped a 32-year-old businessman from the city to the tune of Rs 9.5 lakh by luring him with business orders for his products.

Hyderabad: The Hyderabad Cybercrime police arrested two persons from Delhi in connection with a business and investment fraud case on Wednesday.

They have recently duped a 32-year-old businessman from the city to the tune of Rs 9.5 lakh by luring him with business orders for his products.

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The arrested persons are Amarnath Singh (39) from Dwarka in Delhi and Ranveer Singh (46), from South West Delhi, Delhi. The suspects are involved in 17 cases across India including one case in Telangana.

According to the Cybercrime officials, these fraudsters contact prospective customers on social media platforms, calls and messages and offer to show how to trade, get customers, orders and develop their businesses.

“Further, they ask the victims to invest in export business which is in high demand and convince them to pay the money in the name of different charges like legal, registration and finally stop responding to the victims,” police officials said.

The suspects are involved in cases in Telangana, Maharashtra, Rajasthan, Haryana, West Bengal, Bihar, Uttar Pradesh, Punjab, Delhi, Karnataka, and Madhya Pradesh.