A resident of Bengaluru and native of Kurnool district in AP, Ch Upendranadha Reddy allegedly cheated people promising huge profits on small investment.
The Hyderabad Police said it has busted a fake Call centre in neighbouring Andhra Pradesh and arrested five persons for allegedly cheating many aspiring stock traders.
The incident came to light after one of the players approached the Charminar police alleging he paid Rs 1 lakh to the club owner to secure a spot as the one-down player
The Cybercrime police had arrested nine persons some of whom are having links to Dubai and China based persons, who are suspected to be masterminds of the fraud.
Shankar Maan Singh along with other gang members targeted the house of the businessman on July 9 when he and his family were away and decamped with cash and jewellery
Instructions were given to all officers to take fool-proof security and traffic management measures. Patrolling will be intensified and the force will be on stand to, said Hyderabad CP
Gang posing as I-T officials, wearing fake identity cards barged into the shop at Pot Market in Secunderabad and robbed 1,700 grams gold bars worth Rs 60 lakh, by confining the workers, and fled