Hyderabad Cybercrime police two from Maharashtra for involvement in investment fraud

Officials said the suspects were suppliers of bank accounts to cyber fraudsters. The arrested persons are Reynold Vincent Cyril, a techie and Manish Dinesh Sonawane, both from Pune in Maharashtra.

Hyderabad: The Hyderabad Cybercrime police nabbed two persons from Maharashtra for their alleged involvement in investment fraud cases on Thursday. They were involved in 27 cases across India, including one case in Telangana.

Officials said the suspects were suppliers of bank accounts to cyber fraudsters. The arrested persons are Reynold Vincent Cyril, a techie and Manish Dinesh Sonawane, both from Pune in Maharashtra.

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According to the police, recently, a 40-year-old man from the city was contacted by the fraudsters on a social media platform who convinced him to invest in stocks, promising huge profits.

After depositing a significant amount, his account showed a profit, but the withdrawal option was disabled.

They later demanded additional payments for taxation and conversion fees, as a result, he ended up losing a total amount of Rs 17.3 lakh.