Hyderabad: Chaderghat Police arrested a 23-year-old man for cheating a Gulf returnee, in the pretext of an online trading business and sent him to judicial remand.
The arrested has been identified as Mohammed Numan Ul Haque, 23. Explaining his modus operandi, police said that he gives out advertisement in newspapers stating that he is seeking an associate for an online trading business and traps them by taking money.
“When the victim approached him, after noticing his advertisement in an English newspaper, he convinced him by spinning a story about a trading business and persuaded to invest Rs10 lakh. Believing his words and assurance that he will return money with an additional 25 per cent every month, the victim paid him the amount, after which he started avoiding calls and absconded,” police said.
Based on a complaint from the victim, a cheating case was booked by Chaderghat police who arrested him based on a tip off and sent him to remand.
