Metro India News | Hyderabad 

Hyderabad Cyber Crime Police apprehended an accused person, who was involved in Investment and trading fraud. Accused person was involved in 43 cases across India and 6 cases in Telangana.

Arrested person was identified as Himanshu Swami (28), native of Gurugram in Haryana state. The victim, a 49-year-old civil Engineer from Hyderabad, received a WhatsApp message from the number +919279871321, and provided him with the online Stock investment ideas to invest in the Stock Market and send the Link to join their WhatsApp group to double, triple the profits in a short time.

The complainant initially invested with a small amount and he withdrew the amount successfully through the Alptrade platform. Believing it to be genuine as per their promises on the WhatsApp application, he continued to transfer his major funds from his bank accounts. They said that his investments are in bulk stocks and IPOs which will get a huge profit of 20 times of his invested Capital.

On the applications he can see the profits but later when he decided to withdraw his profits from their application, they said that he cannot withdraw as this amount is still in the so called IPOs. He told them that he wanted his profit but they asked him to deposit more money double of the invested amount 15 lakhs more.

After that he realized that it was a scam and told them to repay his money. They have blocked him and did not give access to chat, he tried to call their mobile numbers, but no one responded and blocked him. In this process he invested an amount of Rs 20,01,010 in total.