In two new cases of stock market trading fraud, the Cyber Crime Police of Hyderabad has arrested four men for conning two Hyderabad citizens of ₹1.16 crore.
In the first case, the police arrested Tamanam Surendra and Damacharla Naresh Babu, residents of Uppal in Hyderabad, who defrauded A. Harish, 39, a businessman from West Marredpally of over ₹57.3 lakh. Interestingly, this is not the only case involving them. As per NCRP data, 83 cases were registered all over India against the accounts supplied by them. The two supplied eight accounts to Raj Takur, a resident of Delhi, Jagadeesh and Bharath Dasineni, both residents of Nellore, all absconding, via the Telegram App. They supplied accounts on 1.5% commission per one lakh transaction. Within three months they transacted an amount of ₹5 crore, the official explained.
