Hyderabad man duped of Rs. 1.98 crore; two arrested for aiding cyber fraudsters

The victim transferred Rs. 1,98,25,000 to different bank accounts belonging to the fraudsters.

Hyderabad: Two individuals, who had allegedly helped cyber fraudsters in duping a man of Rs. 1.98 crore, were arrested by the Hyderabad cyber crime police.

According to the police, in the month of January the victim was lured into investing in online stock trading by the fraudsters, who on the pretext of huge profits, collected Rs. 1.98 crore from him through online bank transactions.

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The victim transferred Rs. 1,98,25,000 to different bank accounts belonging to the fraudsters.

After the complaint was made, the police registered a case and tracked the bank accounts. The arrested persons Nikhil Kaushik (39) and Amar Sharma (36) had provided the bank accounts credentials to the main fraudsters.

The Cyber crime police during the month of May arrested 37 persons from six States in the country for their alleged involvement in 74 different cyber crime cases in Telangana.

The suspects are from Andhra Pradesh, Maharashtra, Delhi, Karnataka, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, West Bengal, Jharkhand, Rajasthan, and other States.