Hyderabad Cybercrime Police nabs man from Gujarat in connection with stock trading fraud

The arrested person is identified as Lalitkumar Jaiswal from Ahmedabad

Hyderabad: The Hyderabad Cybercrime Police arrested a man from Gujarat in connection with a stock trading fraud on Thursday.

The arrested person identified as Lalitkumar Jaiswal (33) from Ahmedabad in Gujarat was involved 16 cases across India including three cases in Telangana.

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Police said Lalitkumar and his associates, lured people to invest into stock trading promising good returns in less time. However, after collecting money from investors, they went absconding.

Based on a complaint from a victim from the city who was duped to the tune of Rs 6 lakh, the Cybercrime Police booked a case and nabbed him.