Two stock trading firm employees held for cheating in Hyderabad

The arrested persons are identified as G Mounika (25), a branch manager and G Vasundhara, an assistant manager working with a prominent Stock Broking firm

Hyderabad: Two women employees of a stock trading firm in the city were arrested by the city police on Monday for misappropriating share holdings of their client and causing a loss of Rs. 1 crore.

The arrested persons are identified as G Mounika (25), a branch manager and G Vasundhara, an assistant manager working with a prominent Stock Broking firm at Tarnaka. The duo had allegedly obtained signatures of blank documents from one Ramarao Nagaraju of USA who had demat accounts with the firm.

---

“Without taking the consent of the account holders, Mounika and Vasundhara indulged in repeated trading causing a loss of Rs 1 crore,” said Avinash Mohanty, Joint Commissioner of Police, Detective Department.

Based on a complaint from Nagaraju, the police registered a case and arrested Mounika and Vasundhara who were produced before court and remanded.

---

Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .

---