HYDERABAD: The Cyberabad police on Saturday arrested four persons from Indore in Madhya Pradesh, who had been into the trade of giving business tricks to consumers new to inventory marketplace buying and selling, by way of assuring of helping them earn huge earnings. The accused have cheated the victims to the track of Rs 3.63 crore until now and this money used to be frozen of their bank accounts.
Cyberabad police mentioned that since July that they had received four different lawsuits wherein the victims claimed to had received telephone calls and the callers introduced themselves representing different firms.
On January 1, retired professor Dr A Ramachandra Aryasri, a resident of Gandipet, had lodged a criticism that in the past he received calls from telecallers of Trade Bizz Research Firm, Indore, who asked him to do online percentage buying and selling and he used to be confident that they would lend a hand the professor be informed the tactics to make earnings in a short time. The professor paid Rs 2 lakh and didn't get any money in return.
Similarly, Bachupally resident N Manohar within the month of December 2017, received name from www.ways2capital.com. "Initially they provided a few tips free of cost. Believing the above trading tips, Manohar registered himself with the company by paying registration fee, later monthly fees and other fees to the tune of Rs 5.57 lakh. After receiving the money they did not provide any services as promised and stopped responding to victim's calls and thereby cheated him," Cyberabad police Commissioner VC Sajjanar mentioned in a press convention.
During the investigation, based on the telephone numbers from which the victims received the lawsuits, cyber crime sleuths of Cyberabad went to Indore and nabbed Highbrow Market Research Investments Advisers Pvt Ltd promoter and ex-director Swapnil Prajapati, The Equicom Financial Research Pvt Ltd director Akhilesh Raghuwanshi, Trade Bizz Research owner Santosh Singh Parihar and Safal Research Proprietor Sagar Sahu.
Cyberabad police mentioned that since July that they had received four different lawsuits wherein the victims claimed to had received telephone calls and the callers introduced themselves representing different firms.
On January 1, retired professor Dr A Ramachandra Aryasri, a resident of Gandipet, had lodged a criticism that in the past he received calls from telecallers of Trade Bizz Research Firm, Indore, who asked him to do online percentage buying and selling and he used to be confident that they would lend a hand the professor be informed the tactics to make earnings in a short time. The professor paid Rs 2 lakh and didn't get any money in return.
Similarly, Bachupally resident N Manohar within the month of December 2017, received name from www.ways2capital.com. "Initially they provided a few tips free of cost. Believing the above trading tips, Manohar registered himself with the company by paying registration fee, later monthly fees and other fees to the tune of Rs 5.57 lakh. After receiving the money they did not provide any services as promised and stopped responding to victim's calls and thereby cheated him," Cyberabad police Commissioner VC Sajjanar mentioned in a press convention.
During the investigation, based on the telephone numbers from which the victims received the lawsuits, cyber crime sleuths of Cyberabad went to Indore and nabbed Highbrow Market Research Investments Advisers Pvt Ltd promoter and ex-director Swapnil Prajapati, The Equicom Financial Research Pvt Ltd director Akhilesh Raghuwanshi, Trade Bizz Research owner Santosh Singh Parihar and Safal Research Proprietor Sagar Sahu.
4 held for cheating new investors in Cyberabad
![4 held for cheating new investors in Cyberabad]()
Reviewed by Kailash
on
January 05, 2019
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