Hyderabad: The Hyderabad Cybercrime police arrested a man on charges of cheating a person to the tune of Rs 3.14 lakh on the pretext of selling bitcoins. The arrested person Akshay Gowda, a native of Bengaluru, befriended one Manish Reddy on the pretext of online bitcoin trade. “Gowda promised Reddy that he would get two to three times profit on the investment. Believing him, the victim transferred Rs 3.14 lakh to the conman,” said Avinash Mohanty, Joint Commissioner of Police, Detective Department. After collecting the money, the suspect switched off his mobile phone following which Reddy approached the police. A case was registered and Gowda was arrested.
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