Hyderabad: Three persons from Gujarat have been arrested by the Cyberabad cyber crime officials on Monday for cheating a businessman by collecting Rs 10.11 lakh on the pretext of investing in gold trading.
According to the Cyber crime police, the victim, Shiva Rama Krishna, a resident of Medchal, had complained that a person claiming as a senior investment advisor with Ganesh Traders in Ahmedabad had called him offering new trading investment schemes with their company.
The stranger had shared information through an email and also informed about investing Rs 10 lakh in gold trading to get returns of Rs 27 lakh in 45 days.
Believing the stranger, the city-based businesman had deposited Rs 10,11,111 into the bank account of the trading company. Soon after receiving the money, the stranger switched off his phone number and vanished.
Based on the complaint, the clues were collected and a team had been to Ahmedabad and nabbed Nagaraj Mudaliar (35), proprietor of Ganesh Traders and his two managers Ravi Kumar Mudaliar (30) and T. Patava (36).
The accused with an intent to cheat the businessman lured him with an offer of high returns and siphoned the money. The trio was found to have cheated several persons across the country and was earlier arrested by the Gujarat police, said the police....