Hyderabad: Man held for providing bank account to fraudsters in Rs 2.92 cr investment scam
The Cyberabad police arrested Manish Gyan Chand who had provided his bank account to cyber fraudsters who used it to dupe a man of Rs. 2.92 crore on the pretext of providing huge profits on investment in various businesses.
Hyderabad: The Cyberabad police arrested a man who had provided his bank account to cyber fraudsters who used it to dupe a man of Rs 2.92 crore on the pretext of providing huge profits on investment in various businesses.
The arrested person Manish Gyan Chand had provided his bank account to two suspects Vijay Manuja and Bhavesh Murali Adnani.
“The victim was lured into joining stock market and investment business and believing the fraudsters had transferred an amount of Rs. 2.92 crore to bank accounts provided by them,” said the Cyberabad police.
One of the bank account belonged to Manish Gyan Chand, in which the victim transferred Rs. 1, 00, 50,000 and was paid a commission for facilitating the fraudsters.
Murali, was arrested last month, while Vijay is absconding.
