Hyderabad: Man held for role in stock trading fraud, cyber slavery case
Hyderabad police arrested a man for duping a victim of Rs 7.27 lakh through a fake trading platform and trafficking individuals to Cambodia for cyber fraud operations. He is linked to six cybercrime cases across multiple Indian States
Hyderabad: The Hyderabad Cybercrime police on Friday arrested a 31-year-old man, Ch Santosh Kumar of Warasiguda, for allegedly duping a city-based victim of Rs 7.27 lakh in an online stock trading scam and participating in an international cyber slavery racket.
Police said Santosh lured the victim to invest in a fake trading website, then extorted additional payments under false pretexts. Investigations revealed he also supplied mule bank accounts and was involved in trafficking individuals from Telangana to Cambodia to work in cyber fraud operations under coercion.
Santosh is reportedly involved in six cases of cyber fraud registered across Telangana, Haryana, Punjab, Maharashtra, Odisha, and Tamil Nadu.
This arrest comes after four others were previously taken into custody in Hyderabad for their role in the same racket.
