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Hyd Police Arrest Gujarat Fraudsters in Scam
In a significant breakthrough, the Hyderabad Cybercrime Police have arrested three individuals from Gujarat in connection with a high-profile online trading and investment fraud. The accused, identified as Chudasama Kuldeepsinh Anopsinh (43), Jedeja Daivatsinh Kiritsinh (34), and Sinojiya Ketan Sureshbhai (23), all hail from Rajkot, Gujarat. The arrests follow a complaint lodged by a Hyderabad resident who was duped of over Rs 2 crore.
According to the police, the fraudulent scheme involved sophisticated tactics, beginning with the perpetrators establishing contact with the victim via WhatsApp. They lured the victim with promises of a staggering 500% return on investments in online stock market trading. The scammers created a sense of urgency and credibility, leading the victim to open an institutional account on a fraudulent trading website
Once the victim was convinced, they transferred a substantial sum of Rs 2 crore through several bank transactions. The scammers, once in possession of the funds, executed their plan to abscond with the money. They withdrew the funds and funneled them through hawala channels to evade detection.
In a swift operation, Hyderabad Cybercrime Police tracked down and apprehended the suspects in Gujarat. During the arrests, law enforcement seized Rs 1,00,000 in cash, a gold chain, a gold bracelet, two gold rings, multiple chequebooks, debit cards, mobile phones, and SIM cards. These items are believed to be linked to the fraudulent activities and are currently under examination as part of the ongoing investigation.
The police have filed a case against the three accused, and further investigations are underway to unravel the full extent of the scam. The authorities are also working to trace any additional victims and recover any remaining assets.
Cybercrime experts and law enforcement officials urge the public to exercise caution when engaging in online investments and to verify the legitimacy of any financial opportunities before committing funds. The Hyderabad Police are also coordinating with other law enforcement agencies to tackle the broader network of fraudsters operating in similar schemes.
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Hyderabad Cybercrime Police arrest three Gujarat fraudsters involved in a Rs 2 crore online investment scam. The accused promised high returns but withdrew the funds through hawala methods. A case has been registered, and further investigations are ongoing.
The information provided in this news article is based on the latest updates from the Hyderabad Cybercrime Police and is subject to change as the investigation progresses. The names of individuals mentioned are based on official reports and should not be used to infer guilt prior to a legal adjudication.
Hyderabad: The Hyderabad Cybercrime Police have made a breakthrough in a major online investment scam by arresting three individuals from Gujarat. The suspects—Chudasama Kuldeepsinh Anopsinh (43), Jedeja Daivatsinh Kiritsinh (34), and Sinojiya Ketan Sureshbhai (23)—are from Rajkot, Gujarat. Their arrest follows a complaint from a Hyderabad resident who was defrauded of over Rs 2 crore.
The scam involved sophisticated tactics. The perpetrators initially contacted the victim through WhatsApp, promising an extraordinary 500% return on investments in online stock trading. They convinced the victim to open an account on a fake trading website, ‘app.toxzxyz’, and transfer Rs 2 crore through multiple bank transactions.
After receiving the money, the scammers withdrew it and transferred it via hawala channels to avoid detection. The Hyderabad Cybercrime Police quickly tracked down the suspects in Gujarat and seized Rs 1,00,000 in cash, gold jewellery, chequebooks, debit cards, mobile phones, and SIM cards during their arrest. These items are now under investigation.
A case has been filed against the three suspects, and further investigations are ongoing to uncover the full scope of the scam. Authorities are also working to identify other potential victims and recover any additional assets.
Cybercrime experts advise the public to be vigilant with online investments and to thoroughly verify the legitimacy of any financial opportunities. The Hyderabad Police are collaborating with other agencies to dismantle the broader network of fraudsters involved in similar schemes.
