Hyderabad: The Cyber crime cell of Cyberabad arrested four persons on Thursday for cheating 120 people across India and duping them of Rs 5 crore.
Shahnawaz Abdul Rehman Lakhani, 26, a B.Com graduate from Gujarat, was the mastermind behind the gang, said the commissioner of Cyberabad, Mr V.C. Sajjanar. “Rehman earlier worked as a telecaller at a forex trading company and in 2017 hired other telecallers to help him execute his plan. Alok Pawar, 25, Niket Shetty, 26, and Nawaz Ansari, 24, helped him execute,” said the officer.
Rehman duped Swetha in May 2018 after she approached him to open an online trading account for her. After explaining the procedure, Rehman asked her to pay Rs 1.92 lakh and then asked her to pay another Rs 7.26 lakh, after Swetha started making profits.
However, when she demanded her money from the investments made with Rehman, he switched off his phone and went underground. The gang collected the data on prospective clients from online portals and then sent them messages luring them with higher profits on their investments.
Rehman pitched the idea and made a trading account on MetaTrader4. Police seized Rs13 lakh cash, a laptop and six mobiles from their possession.
