Telangana: Two more accused held for cyber fraud in Kagaznagar

Two men from Pune and Ahmedabad were arrested in Kagaznagar for defrauding the public through fake online trading platforms. Police traced them after three others were arrested earlier. The accused allegedly cheated people of Rs 76.5 lakh using multiple bank accounts

Kumram Bheem Asifabad: Two more persons were arrested for allegedly duping the public under the guise of online trading in Kagaznagar on Sunday.

Kagaznagar DSP Waheduddin said Santosh Kushal Chand Touwar of Pune, Maharashtra, and Patel Dawal Kumar Gundalal of Ahmedabad, Gujarat, were apprehended for their role in a cyber fraud amounting to Rs 76.50 lakh. A special team formed to trace the accused took them into custody.

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Police said Santosh and Dawal Kumar confessed to committing the offence to make quick money. They admitted to luring gullible people by promising huge profits on investments in online trading platforms. The duo allegedly opened multiple bank accounts to carry out the fraudulent transactions.

On November 14, Kadavala Bhavesh Sida Bhai, Rathod Rahul Haja and Sahu Pradeep, all from Ahmedabad, were arrested for allegedly duping the public. The five were booked for cheating people online based on a complaint from G Kiran of Kagaznagar, who alleged that Rs 7 lakh was fraudulently withdrawn from his bank account.