Hyderabad: The Cyberabad Cyber Cell on Wednesday arrested a 33-year-old man for allegedly cheating people in the name of online trading tips through Twitter and collected Rs 10 lakh. Police recovered Rs 4 lakh from him.
According to the police, B Sunil Kumar Reddy was a resident of Jagadgirigutta and a native of Kurnool in Andhra Pradesh. A software employee, who followed him on Twitter, was getting online trading tips for the last two years by paying an annual fee of Rs 25,000. He then transferred Rs 6 lakh as an investment into Reddy’s bank account on the promise of 5 per cent annual returns. Using the same modus operandi, Reddy duped many others on Twitter.
The police booked a cheating case and produced Reddy in court, which remanded him to judicial custody.